What is a Protected Trust Deed?
A Protected Trust Deed is an alternative to Sequestration. Essentially, it is a contract which is made with your creditors and is overseen by a licensed Insolvency Practitioner. You can make the terms of your proposal flexible however the more flexible then the more chance that creditors will object. Your creditors will expect to regain as much, if not more, of their money than if you were to be sequestrated. As a result you will only pay back what you can afford which means that you will only pay back a proportion of the debt which you borrowed.
