Use the flow diagram below to determine the best solution for your debt problems.
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"H.T. had struggled with debts of over £10,000 for many years. With very low income and living in a tied house she had built up significant arrears of council tax, as well as some small loans. She signed a trust deed with CS Corporate Solutions and agreed to pay £140 per month. But ill health and unemployment meant this was reduced to £20 per week, and some weeks she was not able to pay even that. She expected to be sequestrated (made bankrupt) but her creditors saw that she had tried her best, and she was discharged of her old debts when creditors granted her trustee his release after three years*."
* The legislation has changed. PTDs now have to last four years, and advice might be different now.