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What are the Advantages to having a Protected Trust Deed?

April 26, 2017advantages deed protected Trust

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What are the Advantages to having a Protected Trust Deed?

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A PTD can often be a much better and cheaper option then sequestration. Once in this agreement you should not have to worry about being contacted by the creditors involved and they will not be able to take legal action. Being in a PTD will have no effect on your job or career unlike sequestration. The PTD is reasonably short – lasting around 3 years and will mean that you will be debt free at that point. For many people a PTD does not have the stigma attached to it that sequestration can have.