Count on Solutions Scotland when it comes to Protected Trust Deeds.
One of the debt solutions we provide assistance on is a Protected Trust Deed (PTD). PTD’s are only available in Scotland; if you’re in England, Wales or Northern Ireland consider an IVA with us (which is similar). But before we dive into the advantages and disadvantages of a PTD and whether you choose protection for your debt or not (more about that later) you must fully comprehend the role of an insolvency practitioner. After all, an insolvency practitioner is at the heart of any debt or insolvency case.
“A Trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A Trustee may be appointed for a wide variety of purposes, such as in the case of bankruptcy, for a charity, for a trust fund, or for certain types of retirement plans or pensions.” Investopedia (26 May 2019)