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All articles by Lindar Davis -
Trust deeds are considered as a convenient settlement of debts a
debtor is no more able to pay off. The trust deeds are a method
used in Scotland for easy clearance of debts. Usually elsewhere for
lessening and time bound pay off of debts, debt management program
is sought by the debt ridden person. But trust deeds are quite
different from any debt management. While in debt management there
is complete payment of the debts in
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An online Scottish trust deed is a formal agreement between the
creditor and the debtor in which the debtor promises to clear the
debts of the creditors on agreed terms. As the name suggests an
online Scottish trust deed is used only in Scotland. These deeds
are equivalent to IVA's i.e. individual voluntary agreement and are
regulated by The Bankruptcy Act 1985 in Scotland. These deeds are
alternative to segregation for the debtors.
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