With our insolvency industry experience, a fantastic rate of almost 99% of our Trust Deed proposals are accepted.
If a creditor wanted to object, it would do so in writing within five weeks of your Trust Deed being proposed. Even then, it would only fail if that creditor represented over 33% in the total debt value or over one half in number. If 67% agree with the proposal, then the other creditors will still be legally bound by its terms, even if they object.
In the unlikely event that your Trust Deed did fail, your Trustee would negotiate your case in an attempt to have it accepted.
Remember other Scottish debt solutions such as the Debt Arrangement Scheme (DAS) and Sequestration can also be available.