According to official AiB data, there were 5,152 Trust Deeds granted in Scotland in 2024. This compares to 5,613 people who were granted Trust Deeds in the previous year of 2023.
As a formal Scottish debt solution, the Protected Trust Deed remains a commonly used formal method of repaying debt in Scotland, alongside the Debt Arrangement Scheme.
Sequestration, which is Scotland’s equivalent of Bankruptcy is another solution open to Scottish residents.
Scottish Debt Expert is a trading name of Harper McDermott Ltd and we’ve helped over 30,000 people use Scottish Debt Solutions to regain control of their finances.