What is the process of setting up a Scottish Protected Trust Deed?
1. Initial contact
One of the friendly team will reach out in the method that suits you, phone, email, WhatsApp, online chat and answer any questions or concerns you have and check you qualify for the solution.
2. We gather the documentation or information required
We will let you know which documents or further information we may need to get your case reviewed by the insolvency drafting team, documents commonly are bank statements, photo ID, payslips, any creditor letters.
3. Case reviewed
Your case will be reviewed, and you will be booked in for a verification call to confirm your information is all correct and cover your options to ensure you have chosen the right solution, you understand what is involved and are happy to proceed with a Scottish Trust Deed.
4. Trust Deed Proposal
You will be sent a Trust Deed proposal to read over and sign if happy to proceed which will then be sent to your creditors to notify them of the situation and will take roughly five weeks to become protected.
5. Protected Trust Deed
After around five weeks your case will become protected and one of the team will be in touch to notify you the case is live, in place and now legally protects you from creditors. At this point all creditor action or contact will stop and you will be on your way to becoming debt free.
Your Expert Group, scottishtrustdeed.help, River Insolvency, ivahelper.co.uk are trading names of YEG Insolvency Limited which is Authorised Representative (FCA Number 987650) of Secure Financial Management Limited which is regulated by the Financial Conduct Authority.
Free and impartial help with money, set up by the government: MoneyHelper.
Secure Financial Management Limited’s FCA number is 550186. You can confirm this by checking the financial services register by visiting the FCA website www.FCA.org.uk?register or by contacting the FCA on 0800 111 6768. The registered office is 89 West Regent Street, Glasgow, G2 2BA. Registered in Scotland company no: SC393839. Registered with the ICO under the Data Protection Number ZA328512
Donna Forey is Licensed to Act as an Insolvency Practitioner in the United Kingdom by the Institute of Chartered Accountants of Scotland.
A formal debt solution may not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
*Debt examples are subject to creditor acceptance, payments are subject to individual circumstances, credit may be affected. Fees may apply.