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What is paid to my trustee?
Your trustee will expect to be paid for the work done in setting up and administering your trust deed. Your trustee will be paid before any money is available to repay your creditors. Trustee’s fees vary, they usually range between £2,500 and £5,000 but they could be a lot more if your trust deed is complex.
Your trustee’s fees can be audited by the Accountant in Bankruptcy who is a Scottish Government official with responsibility for supervising personal insolvency in Scotland.