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I’m in Scotland and My Debt Management Plan Isn’t Working. – Christine

“Dear Jon,

debts out of control i entered into a debt management plan 19months ago. paying £175 with the company taking £35 pounds every month from this, my crditors where still adding interest and so my dedt level is now £18000. i have been advised in different ways 1 beening bankrupcy which the campany want £140 per months for the netxt 3yrs or £150 to enter into a trust deed for 4yrs, i dont no what to do for the best. please help me,

please help me find the best solution.


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The Answer


When you mention Trust Deed, I am assuming you are in Scotland? I ask as the insolvency laws there are a bit different then in England and Wales.

I can understand your confusion over what to do, and unfortunately I cannot tell you what to do or point you in any direction, but maybe a bit more information will help you.

If you own no property, then bankruptcy, sequestration in Scotland, is the quickest way to be relieved of your debts and start fresh. However, if you show a surplus of income you can be expected to pay into the bankruptcy or sequestration for a period of time.

In a Trust Deed you make payments of what you can afford and what your creditors will accept, for a time period, and then you are considered debt free and any remaining balances written off.

Both these options show you are insolvent and affect your credit, so if you are concerned about your credit, you can forget that thought, as it has already been damaged; but it can recover in time.

Again, the decision as to what to do is yours to make. If you feel you have no surplus income whatsoever and just want to be done with it all, then sequestration (if you are in Scotland) or bankruptcy elsewhere, is the quickest route.

If you want to avoid bankruptcy/sequestration for whatever reason, you feel the need to pay back the debts, it may affect your job, etc, then the trust deed may be that option.

Let me know your thoughts and what you decide.



Im in Scotland and My Debt Management Plan Isnt Working.   ChristineJon Emge is an experienced UK debt advisor who has helped thousands and thousands of people in the UK to deal with problem debt. Jon specialises in finding good solutions for problem debt using a variety of UK specific techniques.

If you have a question you’d like to ask about how to get out of UK debt, just use the online form. I’m happy to help you for free.

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