Financial problems in scotland?
For a variety of reasons, many people may at some stage in their lives face financial difficulties, more often than not through no fault of their own. If this happens, the pressure from creditors (the people to whom you owe money) can become unbearable.
As a Scottish resident you have several options to consider:
Trust Deed
A legally binding voluntary agreement with an independent Trustee
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Debt Arrangement Scheme
A debt management tool that protects you and gives you time to pay
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Sequestration
Legal term for personal bankruptcy in Scotland
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