The operators of the trust are understood to claim that they have spotted a loophole in mortgage documents and other paperwork that allows them to put assets beyond the reach of banks.
t is understood that the promoters of the new scheme aim to put mortgages, for both residential and investor properties, into a private trust.
These people then lease their properties back from the trust for a nominal sum, giving them the use of the asset.
A charge of €250 is imposed to put assets into the trust, while the trust takes an interest in the portfolio transferred to the trust.
Commercial borrowers are asked to pay 10pc of the outstanding debt.
Bankruptcy and trust expert Bill Holohan, a senior partner of Holohan Solicitors, questioned its effectiveness.
He said courts could set aside any arrangement that seeks to hinder, avoid or delay payment for creditors.