A trust deed is a legally binding agreement between you and your creditors that rearranges your debt repayments and enables you to pay back only what you can afford. The agreement will generally be for three years. What ever remains of the debt after that is cancelled and you can start again.

This is often a good solution if you are having difficulty paying unsecured debts. If you are in this situation there are a number of possibilities, but this arrangement is the only one which protects you from your creditors and stops further interest payments. A protected trust deed is more flexible and more affordable. It will help you to avoid sequestration, or what is called bankruptcy in England.

With a protected trust deed:

• You can get back control of your finances
• You do not have to pay back more than you can reasonably afford
• There is a stop on all interest and charges on your debts
• There is no further pressure from your creditors or threats of court action
• Any debts left when the period of the protected trust deed comes to an end are cancelled

Our expert advisers can give you the reassurance that comes from years of experience. They will look at your individual circumstances and discuss the possible choices of action with you.

Call James Dee Associates on 0800 917 3193 or complete the debt management enquiry form.

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