Count on a Trusted Trustee
One of the debt solutions Milton & Sterling Ltd provide is a Protected Trust Deed (PTD). PTDs are only available in Scotland; if you’re in England, consider an IVA with us (which is similar). But before we dive into the advantages and disadvantages of a PTD and whether you choose protection for your debt or not (more about that later) you must fully comprehend the role of a trustee. After all, a trustee is at the heart of any debt or insolvency case.
“A trustee is a person or firm that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes, such as in the case of bankruptcy, for a charity, for a trust fund, or for certain types of retirement plans or pensions.” Investopedia (26 May 2019)