Trust Deeds ...... Freaking out... again

debtCollector_3

I've been in the process of setting up a DMP with Payplan, I've just spoke with one of their advisers and she thinks that a Trust Deed might be more suitable..........

I've just read up on it and now I'm freaking out...

http://www.debtadvicebureau.org.uk/trust-deeds/trust-deed-process.shtml

What does all this mean?????

Anyone else done this before?

Payplan have advised that someone from Northern Finance Solutions will call me in a couple of days to explain the process...

I feel sick

Lone_Traveller

Hi

im currently starting a DMP with CCCS, as a short term fix however I'm looking at a Trust Deed solution as a more permanent arrangement. Trust deads I beleive are the Scottish version of a IVA.

The following link is the official insolvency site for Scotland, If you go to the publications link, the PDF documents explain a lot.

http://www.aib.gov.uk/

http://www.aib.gov.uk/Publications/publications.html

Other sites of interest are

http://www.nationaldebtline.co.uk/scotland/

http://www.moneyadvicescotland.org.uk/

http://www.debthelpscotland.co.uk/how_we_can_help.php

Another good forum that has a seperate Scotish section is:

http://www.debtquestions.co.uk/debt_forum/

I hope the links are some help.

Kind Regards

LT.

debtCollector_3

Thanks so so much for the info, I''ve just posted some questions on the link you provided...

http://www.debtquestions.co.uk/debt_forum/viewtopic.php?t=14344

Keep me up to date with what you decide to do..

dC