Our specialists in Scotland are able to advise you on the Debt Arrangement Scheme, Protected Trust Deeds and Sequestration (Bankruptcy).

Protected Trust Deeds

A Protected Trust Deed (PTD), is a legal and government approved method of resolving debt problems. It can sometimes be considered as an alternative for those of you who struggle with debt but do not want to go bankrupt. It allows a person to repay a realistic amount to their debts over an agreed period (normally four years).

For more information on Protected Trust Deeds including the consequences and risks, you may wish to review the Debtor's Guide  publication produced by the Accountant in Bankruptcy. 

The Debt Arrangement Scheme (DAS)

DAS is a debt management scheme introduced by the Scottish Government that gives you more time to pay your creditor(s) without the threat of legal action.  To be eligible to participate in DAS, you must have surplus disposable income from which payments can be made to your creditors.

For more information on DAS including the consequences and risks, you may wish to review the Debtor's Guide publication produced by the Accountant in Bankruptcy. 

Sequestration

Bankruptcy is a legal declaration that someone cannot pay their debts.  If you cannot afford to pay your debts as they become due, you may be able to petition for your own bankruptcy. We can assist in you applying for your own bankruptcy and can administer your case in certain circumstances.  

For more information on bankruptcy including the consequences and risks, you may wish to review the Debtor's Guide publication produced by the Accountant in Bankruptcy.

Contact Stuart Preston

+44 (0)141 223 0638

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