The short answer is Yes. Yes, you can get a Trust Deed If you’re self-employed.
As a sole trader you can enter into a Scottish Trust Deed.  It is a legally binding agreement to pay back creditors over a set period of time, typically 4 years. This can be monthly instalments, a lump sum payment, or a combination of both and this is set up by an Insolvency Practitioner.
If you are in a business partnership, the partnership can include partnership debts in the Trust Deed.
It is normal for each individual in the partnership to setup the Trust Deed at the same time. This is due to partners becoming personally liable for partnership debts. Setting up an individual Trust Deed at the same time ensures that these debts are also dealt with and creditors cannot take any further action against individual partners.
Learn more about your options in our small business debt help guide.