Scotland

We provide debt solutions. Plain and simple.

Personal Insolvency Solutions (for individuals with personal debts)

We will only provide advice after completing or receiving and initial fact find where the individual (s) concerned meets the criteria for one of our insolvency solutions, therefore, all advice is given in reasonable contemplation of an insolvency solution. However, in terms of debt solution products that provide you with an identifiable timeframe in which you can become debt free, there are 3 main solutions in operation in Scotland. They are:

What is a Trust Deed?

A trust deed is a voluntary agreement between you, your creditors and your appointed trustee.

What is Sequestration?

Sequestration is the Scottish term for bankruptcy. It, like a trust deed, has its place in terms of debt solutions.

What is a DAS?

The Debt Arrangement Scheme is a non-insolvency debt solution product. It freezes charges and interest on your debts.

Each of these debt solutions have their place and all have their own merits, advantages and disadvantages (depending on your circumstances). We would first, completely understand the dynamic of your finances; which includes your income, your debt levels, what you need money-wise as part of your living expenditure to make ends meet from month to month and with that, how your household works and operates. Once we assess your specific set of circumstances, we can then talk you through formal solutions in Scotland where appropriate.

You can find out more about each of the above solutions in our FAQ pages.

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