Statistics for Protected Trust Deeds: 2010 - 2011

A Protected Trust Deed is a debt solution available to people living in Scotland from Inverness to the borders and Glasgow to Edinburgh. The Trust Deed is an insolvency solution which somebody may consider if they are unable to repay the money they borrowed over a sensible period of time.

With the introduction of the certificate of sequestration the number of Protected Trust Deeds fell in the last year (April 2010 to March 2011) to 7,980 from 9,188. The table below shows the total number of Protected Trust Deeds and Bankruptcies over recent years:

Source: AIB.gov.uk

Scottish Protected Trust Deed postcode statistics

The Protected Trust Deed statistics show that between April 2010 and March 2011 there were 7,980 Protected Trust Deeds granted. A team at Debt Support Trust has analysed the information to find out where across the Scotland people were entering a Protected Trust Deed in order to resolve their debt problem.

Debt Advice Scotland

Debt advice in Scotland covers a number of different debt solutions, including the Protected Trust Deed. The Debt Arrangement Scheme is one route to repay all of your debt and protect your property. Debt Arrangement Scheme (DAS) was introduced as a better alternative for people living in Scotland to the Debt Management Plan.

You may also want to consider the certificate of sequestration if you cannot meet a Trust Deed and do not qualify for the Low Income Low Asset route to Bankruptcy.

Debt advice in Scotland covers numerous topics and the most suitable was to check what debt solutions you would be applicable for as a Scottish person is to call Debt Support Trust on 0800 085 0226.

Protected Trust Deed Statistics by Postcode

The top area in Scotland for people entering a Protected Trust Deed is Greater Glasgow where 2,000 people entered a Protected Trust Deed in 2010-2011. This represents 25% of total number of Trust Deeds. The table below shows a summary of Protected Trust Deeds by postcode.

Edinburgh residents were second largest for entering the Protected Trust Deed to resolve with their debts. Glasgow and Edinburgh being the largest is not surprising as a majority of people live in Scotland's two largest cities. Whether you need debt advice in a G postcode or debt help in EH, if a Trust Deed is applicable it will typically be the same solution.

Where in Scotland are the worst hit areas?

We've then looked closer at where in Scotland Trust Deeds are most common. We've done this by assessing the first half of the postcode. The 5 areas in Scotland where people are most likely to enter a Protected Trust Deed in 2010-2011 are

Stuart Carmichael, Trustee of charity Debt Support Trust said, "The information confirms that debt affects everybody and is not confined to a select range of postcodes.  Whilst the number of Protected Trust Deeds has declined, the overall insolvency picture in Scotland is still concerning."

The rest of the findings by specific debt location are below. Use our Protected Trust Deed checker and enter the first half of your postcode to see how many Protected Trust Deeds were in your area between March 2010 - April 2011. Use the Protected Trust Deed checker here.

We've then looked closer at where in Scotland Trust Deeds are most common. We've done this by assessing the first half of the postcode. The 5 areas in Scotland where people are most likely to enter a Protected Trust Deed in 2010-2011 are

Postcode                             Number of Trust Deeds                                Town

Stuart Carmichael, Trustee of charity Debt Support Trust said, "The information confirms that debt affects everybody and is not confined to a select range of postcodes.  Whilst the number of Protected Trust Deeds has declined the overall insolvency picture in Scotland is still concerning and likely to get worse before it gets better."

The rest of the findings by specific debt location are:

*Please note there is a discrepancy between the 7980 Trust Deeds Protected and the 7973 postcodes. This is from the raw data and likely to be because some Protected Trust Deeds were registered without the person in debts postcode.