Trust Deed Administration

Trust Deed Administration involves managing a financial arrangement where a debtor's assets are placed in a trust to pay creditors. When someone struggles with debt, they can create a trust deed, which is like an agreement with creditors. An administrator oversees the trust, ensuring the debtor makes regular payments from their income to the trust, which then distributes funds to creditors. This process helps the debtor avoid bankruptcy while protecting creditors’ interests. It provides a structured way to repay debts over time, offering both parties a fair resolution to financial difficulties.