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Jun 04, 2020

Trust Deed

What is a Protected Trust Deed?

The trustee acts on behalf of both you and your creditors in order to achieve the best possible financial compromise. This means you no longer have to make repayments to your creditors or deal directly with them. You are protected from any recovery action during the term of the trust deed as long as you maintain your monthly contributions and at the end, the remainder of your debts will be written off – your creditors can’t ask for any further funds.

Advantages of a Protected Trust Deed:

Disadvantages of a Protected Trust Deed:

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