Income & expenditure
Your contribution is based on a formal affordability assessment.
Trust Deed eligibility
Do I qualify for a
Do I qualify for a
Protected Trust Deed?
Eligibility is about more than simply owing £5,000. Affordability, assets and whether a Trust Deed is appropriate all matter.
✓ Total debt must be at least £5,000✓ You must be insolvent✓ A trustee must assess affordability and suitability
For people living in Scotland. Checking your options does not commit you to a debt solution.
The basic starting points
A Trust Deed can only be granted where total debts are at least £5,000. That does not mean everyone with £5,000 or more should enter one.
A licensed insolvency practitioner must consider the full financial position, including income, reasonable household expenditure, assets and alternative debt solutions.
Assets
Property, vehicles and other assets can affect how a Trust Deed works.
Alternatives
DAS, sequestration or another route may be more appropriate depending on your circumstances.
Common questions
Questions people ask before taking the next step
Do I need to be employed?
Not necessarily. The key issue is your overall financial position and whether the arrangement can be administered appropriately.
What if I owe less than £5,000?
A Trust Deed cannot be granted below the statutory £5,000 debt threshold, but other debt solutions may be available.
Can I apply if I own my home?
Potentially, but home equity needs careful consideration and may influence whether another solution is more suitable.
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You don’t have to work it all out yourself.
Answer a few questions and find out which Scottish debt options may be worth discussing.
✓ Protected Trust Deed✓ Debt Arrangement Scheme✓ Other options where appropriate
Start My Scottish Debt Check →
Confidential. No commitment. For Scottish residents.