A Trust Deed is only available to people that live in Scotland and is very similar to an IVA.
As with the Individual Voluntary Agreement (IVA), there are certain levels of debt that you would need to face in order to be eligible for a trust deed. You should have a minimum of £10,000 of debt and in full-time employment (so that your creditors can see that you have an income that can be used towards paying off the debt).
To find an experienced Insolvency Practitioner to help you find a solution to your debt problem, please visit our debt management form. We will put you in touch with a qualified debt adviser.