Worried about a Failed Trust Deed in Scotland?

On September 16, 2013, in News, by Lewis Alexander

There are solutions available to people who have failed a Scottish Trust Deed!

The personal debt solutions available are those that would have also been available to the person in debt prior to them selecting the Protected Trust Deed route / option.

LILA – This is an Insolvency scheme which acts as a route to avoid longer term bankruptcy / Sequestration, the name LILA means “Low Income Low Asset”.  To qualify for a LILA solution you need to meet the following criteria.

  • Weekly earnings need to be less than you would get if you worked a 40 hr minimum wage week.
  • You cannot have assets that are worth more than £10,000 in total.
  • No individual asset can be valued at £1,000 or more.

If you have suffered a further change in circumstance and your Trust Deed in Scotland has failed or about to fail, please contact our personal debt helpline today in confidence using 0800 018 6868

  • Lines are open 24 hours / 7 days
  • Calls are usually free from a UK land line
  • From mobiles calls may be less expensive using 0161 872 3383


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