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Who can sign a trust deed

To be able to sign a trust deed you must:

  • live in Scotland
  • have debts of £5000 or more
  • not rely on benefits as your only income
  • not be a director of a company
  • not have enough disposable income to be able to pay off your debts in full in less than 4 years

You cannot sign a trust deed if you have already been made bankrupt and your trustee has not yet been discharged.

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