Protected Trust Deeds

A Protected Trust Deed (PTD) is a formal agreement in Scotland designed for people struggling with debt. It allows individuals to transfer their assets to a trustee, who manages them to pay off creditors over a fixed period, usually four years. Once the term ends, any remaining unsecured debt is typically written off. The PTD is legally protected, meaning creditors cannot pursue further payment during the agreement. It provides a structured way to regain financial stability while ensuring that creditors receive some repayment. However, it can impact your credit rating and should be considered carefully.