If you are a sole trader then your Trustee will assess your business and confirm if you can continue to trade whilst in a Trust Deed. It is likely that if continuing to trade will provide you with an income to allow you to make a contribution payment to your Trust Deed then you will be able to continue trading. A trading business will need to consider the available options before proceeding with a Trust Deed, please contact us for further advice.
May not be suitable in all circumstances. Fees apply. Your credit rating may be affected.
Free debt counselling, debt adjusting and providing of credit information services is available to customers by contacting MoneyHelper.