Lucy Novo Deakin of My Debt Plan Ltd and Adam Charles Southard of SLWB Ltd are insolvency practitioners in the UK licensed by the Insolvency Practitioners Association (IPA).
My Debt Plan Ltd provides insolvency solutions to individuals, specialising in Protected Trust Deeds for residents of Scotland. All advice given is provided in reasonable contemplation of an insolvency appointment. Where you are not suitable for a Protected Trust Deed, we may refer you to one of our trusted partners who specialise on alternative solutions, and as such we will receive payment for the introduction if you enter into a debt solution with one of our partner companies.
Registered address Alexandra Court, Carrs Road, Cheadle, SK8 2JY Company Registered in England and Wales Number 10992838 Data Protection ZB284067.
To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.
*Our advice on your options is always free. We will always notify you if a solution you choose has any cost.
**For cases approved from 1st January to 31st December 2025, average percentage of debt forgiveness is 70%.
A debt write off amount between 25% and 75% is realistic, however, the debt write off amount will differ for each customer upon their individual financial circumstances and is subject to approval of their creditors. Any remaining qualifying unsecured debt in your Protected Trust Deed will be written off, however some unsecured debts will be excluded, such as court fines, child maintenance and student loans, therefore you will need to continue paying these both during and after the Trust Deed.
A Protected Trust Deed is a form of insolvency, is recorded on the public Register of Insolvencies and will affect your credit rating. It is not suitable for everyone and another debt solution may be more appropriate; any debt write-off depends on your circumstances and the agreement of your creditors and is not guaranteed.