a formal agreement between you and your creditors allows a settlement of reduced monthly credit repayments

a formal arrangement, used only in Scotland, which voluntarily transfers your assets to a trustee

a formal insolvency procedure and has the effect of transferring your assets and liabilities to a qualified insolvency practitioner

a legally binding arrangement for people who are resident in Scotland, which allows you to make payment towards your debts in an affordable monthly contribution over a fixed period of

an agreement with creditors

a process that enables an individual who is struggling with unmanageable debt the opportunity to make a proposal to their creditors in order to clear their debt

a special type of mortgage given by the owner of the real property to a third party, called a trustee, who holds a power of sale for the property for the benefit of a creditor (such as a lender) until the debt is repaid

A means of protecting yourself from your creditors by entering into a legally binding agreement supervised by an Insolvency Practitioner.

Transfer by a debtor of assets to an Insolvency Practitioner for the benefit of the debtor's creditors.