PTD

Protected Trust Deeds

• A Protected Trust Deed provides a manageable solution for people experiencing debt problems.
• Your Trustee will write to all of your creditors with your proposal. Provided two thirds of your creditors agree, measured by your debt level, then your Trust Deed becomes protected.
• A Trust Deed involves transferring your assets to a Trustee  e.g. the equity in your home
• You make one affordable payment into the arrangement.
• Interest and charges are stopped
• The Trust Deed is generally in force for a period of three years at which time the balance available has to be accepted by your creditors and any remaining debts have to be written off.
• It is a confidential arrangement between you and your creditors
• It is not notified to your employer or landlord