Unmanageable debt in Scotland rising

6 May 2009
Unmanageable debt in Scotland seems to be rising, according to the latest insolvency figures from the Accountant in Bankruptcy (Scotland`s Insolvency Service).... read more »

IVAs across the UK

18 May 2009
An IVA (Individual Voluntary Arrangement) is a form of insolvency which can help people in some parts of the UK reduce their monthly expenses and write off the portion of their debt that they can`t realistically expect to repay in a reasonable period of time.... read more »

Scottish debt solutions: Trust Deeds

22 May 2009
If you have large debts that you do not think you will be able to repay within a reasonable period of time, then your first thought may be filing for sequestration (bankruptcy). However, a Trust Deed could help you clear your debts while avoiding some of the downsides of sequestration.... read more »

Debt consolidation in Scotland

16 July 2009
If you live in Scotland, you may be aware that some of the debt solutions available to Scottish residents are different to the ones available in the rest of the UK.... read more »

IVA or Trust Deed: which is right for me?

20 November 2008

If you owe significant amounts to multiple unsecured creditors, there’s a chance that an IVA (Individual Voluntary Arrangement) or Protected Trust Deed could be a good way for you to reduce your monthly payments and clear your debts.

The two debt solutions are very similar in some ways, but very different in others. Perhaps the most obvious difference between IVA and Trust Deeds is the geographical one: IVAs are available to people who live in England, Wales or Northern Ireland, while Trust Deeds are available only to people who live in Scotland.