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all clear finance    Tuesday 29th March 2005
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AllClear Scotland Debt Help - Scottish Trust Deeds - Protected Trust Deed

www.loanapplication.co.uk
Scottish Protected Trust Deeds

  • A legal process for residents of Scotland with a significant debt problem - (normally over £10,000).
  • On agreement your creditors accept a reduced offer of repayment in full and final settlement of their debt.
  • Payments are normally only made for a 3 year period, following which the remainder of your debt is written off.
  • All interest and charges on your account are frozen.
  • Your account is administered by a fully qualified, licensed insolvency practitioner, who takes responsibility for liasing with your creditors and distributing funds on your behalf.
  • We can perform a confidential review of your circumstances to see whether you are eligible.
  • For further information on a Trust Deed or other insolvency services please do not hesitate in contacting us.


  • Trust Deed Definition: A Trust Deed is a formal legally binding agreement between an individual who is unable to pay their creditors and a licensed Insolvency Practitioner (the Trustee). The Trustee will put together a form of proposals to the Creditors for approval and administer the Trust Deed. A Trust Deed is a form of informal bankruptcy and is regulated by The Bankruptcy (Scotland) Act 1985. The individual must be resident in Scotland.

NOTE: A TRUST DEED CAN LEAD TO A SIGNIFICANT PROPORTION OF YOUR DEBT BEING WRITTEN OFF

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AllClear Finance solutions include: Debt Management uk, Debt Consolidations Loans UK, Bad Credit Loans, Individual Voluntary Arrangement - IVA, Protected Trust Deeds Scotland or even bankruptcy. So consolidate your debt NOW through debt managment or a loan or remortgage we can advise on your best solution. AllClear Management Team.



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AllClear Finance is a Trading Name of Harrington Brooks.

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