A Trust Deed can only be set up with the help of a Licensed Insolvency Practitioner (known as an “IP”). Wilson Andrews, as fully licensed IP's, will advise you and put the Trust Deed to your creditors and will, at all times, take your best interests into account.

Assuming that a Trust Deed is the best solution to your financial difficulties, there are a number of steps in the whole process.

Step 1.
Speak to one of our advisers - We'll assess your situation and assist you to prepare a list of your creditors, income and expenditure and agree a monthly contribution tailored to your circumstances.
Step 2.
One of our representatives will discuss and explain the process and the proposals we prepare, to make sure you're happy with everything. You can do all this over the phone and via post, or, if you wish, one of our representatives will meet with you face to face, normally in your own home.
Step 3.
We'll notify all your creditors that you have been granted a Trust Deed and the details of the proposals.
Step 4.
The creditors then have 5 weeks in which to notify the trustee of any objection. Should the trustee not receive a sufficient number of objections then the Trust Deed will become protected and upon successful completion (usually after 36 months) you will have no further liability to repay any balance of the unsecured debts included in your Trust Deed.

How much do I have to pay?

We will advise you fully about the amount that you should propose to pay into your Trust Deed. In principle, however, the payment will be based on your surplus income after allowing for day to day living expenses of you and your family. Your creditors will usually require that these payments are maintained for three years.

To find out how we can help you call today on 0800 505 3839 or fill the form on this page, our experts will call you back.

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Fees & key information

• What fees will apply? When you talk to one of our advisers, they may recommend that you enter a debt solution to tackle your debts - and fees will be charged if you do. We're one of the UK's longest-established providers of debt solutions, and pride ourselves on providing an excellent service at a highly competitive price.
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• What effect will it have on my credit rating? It will affect your ability to obtain credit for 6 years.
• Will I be able to change my mind? Talking to our advisers will place you under no obligation whatsoever. Should you choose to enter a debt solution, you will have the legal right to change your mind at any point in the first 14 days of its term.

Subject to eligibility and acceptance. Debt write off applies to unsecured debts and only on completion of a Trust Deed, alternative solutions may be offered. Fees payable for continuing services. Your ability to obtain credit will be affected for 6 years. Homeowners will be required to release the equity in their property. Calls may be recorded.