User:Frenchmose/sandbox

Pros
The arrangement is likely to lessen issues from creditors while all the associated interest and charges from unsecured debts ( in the Trust Deed) are frozen. After 3 years your remainder of the debt can be written off. Only disposable income is used to pay creditors. You can negotiate to save your home. No restrictions on your business.

Cons
Credit rating is affected. You may have to remortgage your property to release some equity. Only unsecured debts covered Your trust deed is advertised in the Edinburgh Gazette - a public record. Heavy penalties for missing a payment. Taking new debts becomes difficult.