Protected Trust Deeds?
A protected Trust Deed is fairly similar to a Trust Deed but will result in your Trust Deed being protected and interest charges not getting out of hand whilst you are repaying your debts.
If two thirds or more of your creditors agree to the terms and conditions of your Trust Deed proposal it is possible to make the trust deed protected.
A Protected Trust Deed will prevent any creditor from taking any further action against you and you losing your home. It also prevents them from applying any additional charges or interest onto the amount that you might owe.
New regulations came into force in 2008 that require trustees also provide additional information that includes:
- A Statement of the Debtor’s Affairs. This includes the anticipated contributions from the debtor, expected realisations from assets, the estimated cost of administering the protected trust deed and proposed dividend to ordinary creditors.
- A Statement of Anticipated Realisations from a Protected Trust Deed.
Please don’t let these things get in the way of us being able to help you. All of the companies listed on Confused Debt are pre-vetted and verified to ensure your peace of mind.
All you need to do now is start the ball rolling by taking the next 60 seconds to fill in our compare calculator which will put you in contact with experts that are waiting to answer your questions. The next step is for you to sit back and relax knowing that your problems are finally being resolved for you.
