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Trust Deed charges explained

The person who arranges and oversees your Trust Deed is called an 'Insolvency Practitioner' (IP). Insolvency Practitioners tend to use companies like DMS to prepare Trust Deed cases for them.

When you make Trust Deed contributions to your creditors, they use some of this money to pay the Insolvency Practitioner. The IP shares this money with the people who prepare the Trust Deed cases - that's how DMS makes money.

All Trust Deed providers get paid in this way. However, some companies charge you, the client, on top. They may ask you to pay them an extra one, two or even three monthly payments, naming this a 'setup fee' or something similar. Sometimes you can even be charged lump sums which can run into the thousands. There is no reason at all to pay this money. An organization like DMS will handle your Trust Deed for free, and we promise we'll do an excellent job.

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