Scottish and English debt laws are different, so if you are a Scottish resident and have questions on debt, then this is the place to post.

Moderators: TalbotWoods, JaneClack

By b gray
#41160 I am considering entering a trust deed but need a bot f advice before doing so.

Can anyone inform me of the approx fees that an IP would charge for administering a trust deed?

Does the cost depend on the number of creditors and the amount of debt?

How much in the pound do most creditors accept?

What proof do you have to supply the IP regarding income/expenditure?
#41298 Charges vary from IP to IP, they are included in the Trust Deed, you shouldnt be paying them up front.

IP wants to see payslips and Bank Statements as proof of Income, they are usually not too bad in food allowances etc.