Trust Deed Scotland’s owner, Harper McDermott Ltd, is one of the first Scottish debt companies to agree to a new Scottish Trust Deed protocol.
Described officially as the PTD protocol, from 1 October 2021 onwards, a number of firms that offer a Scottish Trust Deed as a formal debt solution have committed to changes designed to improve the solution for the benefit of all parties.
After lengthy discussions between the governing body for Trust Deeds, the Accountant in Bankruptcy (AiB) and the Scottish government, it was agreed that the AiB, in agreement with Trustees and Creditors, could introduce operational changes in the short-term to improve existing processes and fill any gaps identified in the dialogue between the AiB and the Scottish government.
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