Trust Deed Process

Debt Solutions understand that any debt solution often seems complicated at first glance, so we have tried to break down the Trust Deed Process for you. If there is anything that you are unsure about or would like more information about the Trust Deed process, please give our free phone number a call on 0845 519 6093.

Trust Deed Process:

The following gives a simple overview of the typical Trust Deed process. But each case is unique so please call us now for further Trust Deed advice.

Compile a full list of creditors with all the money owed, and how much you can realistically afford to pay back month.

Consult an Insolvency Practitioner (otherwise known as an IP or a Trustee) who will be able to go through the list and write to your creditors offering a proposal.

If over two thirds of your creditors, by value, agree to the proposal then it will be accepted. If it is registered as 'Protected' then your creditors cannot take any further legal action against you and all charges will be frozen on your account.

You can relax as any creditor correspondence can be sent to your IP who will deal with this for you. All you need to do is pay your monthly Trust Deed payment, mortgage and any secured debts. During your Trust Deed you will not be allowed to take out any further credit and you must advise your Trustee in changes to your finances.

Your 36 months is up, enjoy being debt free.

Can debt solutions help me get out of debt?

YES we can. Everyone’s personal situation is different and each debt solution is different so we need to work out which will best suit your financial needs.

We will complete a FREE 20 minute fact find with you to work out what your earning and spending and this will let us know how much you can afford to pay to your creditors and also which debt solution is best for you to help you get out of debt. You are under no obligation but I am sure you will be 100% happy with what out debt advisors can do for you and we have the lowest debt managenent fees in the industy

We pride ourselves in our friendly, professional approach to finding the right debt solution for every one of our clients, which is honest, confidential and always the ‘best advice’ based on your individual circumstances.

If you would like to speak to one of our friendly, professional debt experts about any of our debt solutions you can either call our debt solutions helpline on: 0845 159 6093 or complete our online contact form and one of our debt advisors will call you back within the hour.

Start you debt free life today! with one of our debt solutions.

Debt Management | Individual Voluntary Arrangement | Protected Trust Deed | Bankruptcy

Also have a look at out "DEBT FEEs" chart and see what the more popular debt management companies are charging.