Protected Trust Deeds Q3 2011 Stats Released

Posted on Wednesday, 25 January 2012 in Statisitics and Legislative NewsThe Accountant in Bankruptcy have released their latest quarterly results and the official stats show that 2,049 Protected Trust Deeds have been recorded - a 2% drop from the same period at this same time last year.

The stats show all records of personal insolvency in Scotland but perhaps the most eye-catching statistic released is that the number of recorded Debt Arrangement Schemes have virtually doubled from 440 in Q3 2010/2011 to 878 in Q3 2011/2012.

Trust Deed Scotland who in 2010/2011 spoke to thousands of Scots experiencing financial difficulties, commented on the findings "In theory it sounds like Scotland is dealing with its personal debts but in actual fact not much has changed.

We are seeing greater Certificate for Sequestration and DAS numbers as the government have revised the legislation and greater publicity is evident. The overall number of Protected Trust Deeds for 2011/2012 will hit an unprecedented 10,000 if Q1 of 2012 follows a similar pattern to Q1 2011.

Thousands of Scots every year experience difficulties repaying their credit card debts and the reported overall increase in the number of people relying on payday loans and bank overdrafts to maintain debt repayments and interest charges is continuing.

It seems distressing that in only three months 2,000 more Scottish residents entered into a Protected Trust Deed as they had no other way of realistically dealing with their unmanageable debt but there is a crumb of comfort in knowing that the majority of those people and their families are now in a more financially secure place - able to look forward to a life free from debt in only three years."

If you are struggling with debt and live in Scotland, you can speak to an impartial money advisor such as Citizens Advice Scotland. As the government's own statistics show - you are not alone and should you wish to speak to an experienced money advisor urgently - you can call Trust Deed Scotland now on 0141 221 0999.

Trust Deed Scotland - Why We Are Different:

We are different to most other Trust Deed intermediaries in that we refer people to reputable hand-picked insolvency practitioners with industry leading protection rates and customer care values but we also employ DRF qualified staff and have our own in-house insolvency practitioner who has been working in insolvency since 1996 and personally acted upon 3,000 Trust Deed cases.

As a leading Scottish owned and operated Debt Advice Company, we offer only balanced and transparent ethical advice. Find out more About Us or follow us on Twitter @trustdeedscotl

Your Employment Status --SELECT-- Employed Unemployed Self-Employed Retired Student Your Total Unsecured Debts --SELECT-- £1,000 £2,000 £3,000 £4,000 £5,000 £6,000 £7,000 £8,000 £9,000 £10,000 £11,000 £12,000 £13,000 £14,000 £15,000 £16,000 £17,000 £18,000 £19,000 £20,000 £21,000 £22,000 £23,000 £24,000 £25,000 £26,000 £27,000 £28,000 £29,000 £30,000 £31,000 £32,000 £33,000 £34,000 £35,000 £36,000 £37,000 £38,000 £39,000 £40,000 £41,000 £42,000 £43,000 £44,000 £45,000 £46,000 £47,000 £48,000 £49,000 £50,000 £51,000 £52,000 £53,000 £54,000 £55,000 Over £55,000 This includes unsecured loans, credit cards, council tax arrears, bank overdrafts etc.

Note - student loans cannot be included in a Trust Deed. Your Monthly Net Income This is your monthly take home pay including any other income

Example
Take home pay £1200
Child tax credit £200
Total net income £1400 Your Monthly Expenditure This includes all rent or mortgage payments and all other fixed outgoings that you pay each month.

Excluding your payments for your unsecured debt. Are You A Homeowner? --SELECT-- Yes No

(Homeowners) Estimated Equity None Don't Know 5000-10000 11000-20000 21000-30000 31000-40000 50000+ Equity Example:
Mortgage - 72k
House Value - 80k
Your Equity - £8000

Dont worry if you don't know your equity.
Just call us on 0141 221 0999

Your Nearest City --SELECT-- Glasgow Edinburgh Stirling Perth Dundee Aberdeen Inverness We have a network of Trust Deed providers throughout Scotland

Your location will help us recommend the best providers.

Title --SELECT-- Mr Ms Miss Mrs Other First Name Last Name Email Address Phone Number Why Do We Need Your Phone Number?

Although you will get an instant quote indication, we still need to contact you to get more detailed information regarding your financial circumstances.
All calls confidential.

Your privacy is important to us. Your Details are held in the strictest of confidence and we will only request information required to find your best solution. Your details will NOT be shared with third parties.

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