Protected Trust Deed Example

Mrs F. owed £31,500 and was paying over £570 per month which she could not afford. She was getting deeper into debt, and becoming more stressed. She had a large family, and her marriage had recently broken down.

After careful appraisal and review, she signed a Trust Deed, agreeing to pay £250 per month to her creditors for 3 years. At the end of this period the balance of her debts will effectively be written off, and she will be released from the Trust Deed.