You don’t need to pay to set up your Trust Deed but there are costs involved in running a Trust Deed, such as:
1) A fixed administration fee
2) A percentage fee based on the amount you’re paying back
At the moment all Insolvency Practitioners charge fees and there’s no free service, however these fees are included in the monthly amount that you agree to pay back. These fees are agreed by your creditors and put simply, they are absorbed by the creditors as they are writing off a proportion of your debt.