Debt advice archive
A Trust Deed can only include unsecured debts - but it could help you keep on top of any Hire Purchase agreements and other essential costs too.
If you receive benefits, you could still qualify for a Trust Deed. Speak to a debt expert to find out about your options.
Bankruptcy is usually seen as a last resort: there may be another debt solution, like a Trust Deed, that's more suitable.
If you are on a low income and have few assets, you could write off debt by taking the LILA route into bankruptcy in Scotland.
You might qualify for LILA if you have a low income and few valuable assets.
Entering a Trust Deed won't stop you making your mortgage payments if you're a homeowner. In fact, it should help you stay on top of them.