A Protected Trust Deed is a legal agreement where an individual in financial difficulty agrees to pay off as much of their debt as possible over a period of time, usually three years.
In a Protected Trust Deed all creditors must deal directly with an appointed Trustee, which means that the individuals involved are shielded from debt collectors, sheriff officers, or further legal action from their creditors. The appointed Trustee will negotiate a fair agreement between creditors and individuals and will ensure that both parties' rights are protected.
Further information available in our Protected Trust Deeds information booklet (pdf 154KB). Alternatively you can contact Matt Henderson or Gordon MacLure, our Business Recovery and Insolvency Partners
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Johnston Carmichael has offices in Aberdeen, Edinburgh, Elgin, Forfar, Fraserburgh, Glasgow, Huntly, Inverness, Inverurie and Perth.
last modified: 08 June 2007
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