A monthly payment would be agreed with yourself and this would be payable over 36 months, the remainder of your debt would then be written off.

The advantages of a trust deed are that it takes the pressure off as all correspondence and the Trustee deals with queries from creditors. It puts the debtor rather than creditors in control of the debtor's financial situation and reduces the costs - a trust Deed is usually more flexible and less costly to administer than sequestration and allows the debtor the right to fulfil certain public offices - which would not be the case with sequestration.

It should be borne in mind that Trust Deeds are a formal and legally binding arrangement between the debtor and a licensed Insolvency Practitioner (the Trustee) and should only be entered into accordingly.

Our IVA'S And Trust Deeds are Dealt with by large Licensed Practitioners who ensure the most appropriate advice at all times.