P.T.D

Protected Trust Deeds

• One affordable monthly payment into your arrangement.
• Once your trust deed is signed, telephone calls and letters from your creditors will stop.
• Interest and charges are stopped, so that spiral of debt is halted.
• There is no court appearance required.
• Your trustee will write to all of your creditors and if two thirds by debt agree to the proposals, which they do in the vast majority of cases, your trust deed will become protected.
• Protected status means that no further action can be taken by your creditors for recovery of the money you owe them.  They have to accept the balance of your trust fund as full and final settlement at the end of the three year period.
• Unlike sequestration (bankruptcy in Scotland), the details pertaining to a P.T.D. are not openly advertised or published anywhere.  It is a confidential arrangement between you and your creditors and as such employers and landlords are not notified.