Scotland’s governing body for a trust deed is identified as the Accountant in Bankruptcy (AiB). While your trust deed agreement is regulated and supervised by the AiB, the assigned Trustee or the Insolvency Practitioner is licensed by another regulatory body. Most of the official Insolvency Practitioners are under the regulation of the Insolvency Practitioners Association.  A deed of trust scotland is a type of insolvency debt form that involves a legal agreement between the person with debts (the debtor) and the person to whom money is owed (creditors). People choose to get a trust deed as an alternative bankruptcy where they cannot afford to pay back large debt amounts within a set term.