call us
Glasgow
+44 (0)141 221 2984
Edinburgh
+44 (0)131 225 6366
Stirling
+44 (0)1786 451745
Dumbarton
+44 (0)1389 765238
Hamilton
+44 (0)1698 459444
Glasgow
+44 (0)141 221 2984

Edinburgh
+44 (0)131 225 6366

Stirling
+44 (0)1786 451745

Dumbarton
+44 (0)1389 765238

Hamilton
+44 (0)1698 459444

French Duncan

Personal Insolvency & Debt Solutions

The personal insolvency and debt solutions team at French Duncan are leaders in the field of personal insolvency advice.  We are one of the oldest established debt solutions teams in Scotland.  We provide a quality service and ensure that every debt solution is tailored to each individual.  We ensure debtors are able to maintain and then exit the specific solution debt and stress free.  

Our services include:

Also Informal Payment Plans and Informal Debt Advice

Working from offices in Edinburgh, Glasgow and Hamilton, the teams are headed by partners Eileen Blackburn and Brian Milne, assisted by a senior team, we have vast experience in assisting individuals, sole traders and partnerships with their trading and consumer debt issues.

FD Debt Solutions (www.fddebtsolutions.co.uk) is the consumer debt arm of French Duncan Chartered Accountants, for further information and assistance with your debt issues please go to our dedicated consumer debt website.

 

Trust Deeds

A Protected Trust Deed in Scotland is a voluntary form of insolvency that allows you to deal with your unsecured debts. It is a formal procedure that usually takes 4 years, however, the length can be determined depending on your circumstances. A Trust Deed in Scotland is a legal arrangement, between you, your Trustee and your creditors, that enables you to deal with your debts through affordable monthly payments. After the period of 4 years the remainder of your unsecured debts are written off.

A Protected Trust Deed in Scotland is an alternative to bankruptcy and is similar to an Individual Voluntary Agreement or IVA procedure in England.

 

Sequestration

Sequestration is a form of insolvency otherwise known as personal bankruptcy. It is only available in Scotland and it can be used to deal with significant debts if you are unable to pay back your creditors.  In order to qualify for a bankruptcy in Scotland you have to be resident in Scotland and owe at least £3,000 to your creditors. A further requirement is that you must not have been declared bankrupt in the last 5 years. In order to choose the right debt solution and establish your eligibility for sequestration you have to consult with a Money Advisor who will assess your financial situation.  Thereafter, if sequestration is the correct route for you the Money Advisor will be able to help you with completion of the debtor application pack and, if required, issue a Certificate for Sequestration.