Protected Trust Deed (PTD)

A Protected Trust Deed (PTD) is a legal agreement in Scotland designed to help individuals struggling with unmanageable debt. It allows you to work with a licensed insolvency practitioner who manages your debts by creating a repayment plan, usually lasting three to four years. During this time, your creditors cannot take further action against you. Once the plan is complete, any remaining unsecured debts are typically written off. A PTD offers a structured way to achieve financial stability while protecting your assets and providing relief from debt stress.