Scottish Statutory Debt Solutions Statistics: Annual edition
An experimental statistics publication for Scotland
Protected trust deeds
A PTD is a formal debt solution where an agreement is made between a debtor and creditors to repay part or all of their debt. The debtor conveys their estate to an IP (the trustee) to administer for the benefit of creditors and the arrangement normally includes a contribution from income for a set period.
Table 4 below shows the number of trust deeds advertised and protected by financial year. There were 5,938 trust deeds advertised in 2022-23, a 1.3% increase on the previous year. Of the 5,938 trust deeds, around 94.9% did become protected eventually. Furthermore, there were 5,644 PTDs registered in 2022-23, a 3.3% increase on the previous year. In each financial year since 2015-16, more PTDs have been registered than awards of bankruptcy as seen in Chart 1.
| Financial year of the advertised and protected date | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | Annual change (%) |
|---|---|---|---|---|---|---|
| Number of advertised trust deeds | 8,849 | 9,467 | 5,042 | 5,859 | 5,938 | 1.3% |
| of which: Did become protected eventually | 8,040 | 8,748 | 4,735 | 5,518 | 5,633 | 2.1% |
| of which: Did not become protected | 809 | 719 | 307 | 341 | 305 | -10.6% |
| Number of protected trust deeds | 7,915 | 8,743 | 5,263 | 5,464 | 5,644 | 3.3% |
| Source: Accountant in Bankruptcy |
Chart 4 below shows the increasing trend of PTDs since 2015-16 to 2019-20, followed by a decrease in 2020-21.
PTDs registered by local authority in 2022-23
The rate of PTDs per 10,000 adults in Scotland was 12 in 2022-23, unchanged from the rate of 12 in the previous financial year.
Local Authority Chart 2 and the associated heatmap that depict PTD rates show that North Lanarkshire was the local authority with the highest rate of PTDs per 10,000 adults, followed by Clackmannanshire and Midlothian.
Na h-Eileanan Siar, Orkney Islands and East Renfrewshire were the local authorities with the lowest rate of PTDs per 10,000 adults.
PTDs (and for other statutory debt solutions) by local authority and for previous years are available in the accompanying tables.
There is a problem
Thanks for your feedback