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Register of Insolvencies

Register of Insolvencies

The register of insolvencies is a statutory register about the insolvency of individuals and businesses in Scotland.

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Trust Deed Guide effective from 01 April 2008

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What happens if my circumstances change?

Your trustee will assess your contribution based on your circumstances when you sign the trust deed. Your contribution may be reassessed if your circumstances change. If your income goes up then your trustee is likely to ask you to pay a higher contribution. If your income goes down the trustee may agree to reduce or suspend your contributions.

If you acquire new assets during your trust deed your trustee may want to realise those assets for your creditors.

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Page updated: Tuesday, August 19, 2008