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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.

Table 4: Number of advertised and protected trust deeds by financial year
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.

Chart 4 shows the number of Protected Trust Deeds (PTDs) from 2015-16 to 2022-23. This chart shows that despite a drop in volumes since the COVID-19 pandemic, there are still more PTDs than bankruptcies.

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.

Local Authority Chart 2 shows the top and bottom three rates of PTDs per 10,000 adults in 2022-23. This chart shows that North Lanarkshire has the highest rate per 10,000 adults.

Heat Map 2 shows the PTD rates in each local authority in 2022-23 by grouping intervals of 5. This heat map shows that North Lanarkshire is in one of the highest groupings.

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