eligibility for a trust deed
You need to be eligible to qualify for a trust deeds Scotland criteria. If you have a lot of unsecured debt, are in a position to be able to pay the minimum mortgage repayments but have great difficulty in repaying your regular bills and debt instalments. If you are facing sequestration or repossession and most importantly you must be a resident of Scotland.
To get the trust deeds Scotland up and running the insolvency expert will go over your finances, the practitioner will calculate all of your income and outgoings and the insolvency expert will determine exactly the amount you need to your debts. As a result the trustee will contact your creditors and present them with an offer of payment of your debt. The lenders will have five weeks to raise their objections.
