Debt solutions

DAS, trust deeds, sequestration, debt management plans and more.

Should You Choose MAP Bankruptcy Or A Debt Management Plan? A debt management plan needs money to pay creditors with, and a Minimal Asset Process is defined by having none. Compare cost, interest, wages and write-off. Updated 3 Sept 2026 Read
Should You Choose MAP Bankruptcy Or The Debt Arrangement Scheme? A debt payment programme needs surplus income to pay from, and a Minimal Asset Process is defined by having none. Compare cost, creditors and wage arrestments. Updated 3 Sept 2026 Read
Should You Go Bankrupt Or Use The Debt Arrangement Scheme In Scotland? The Debt Arrangement Scheme is a repayment programme, so it suits people who can clear what they owe from surplus income. Sequestration is for those who cannot. Updated 3 Sept 2026 Read
What Does A Trustee In Sequestration Do? The trustee recovers, manages and realises your estate and distributes it among your creditors. Section 50 of the Bankruptcy (Scotland) Act 2016 sets the duties. Updated 3 Sept 2026 Read
What Happens If Your Income Improves During MAP Bankruptcy? Better pay does not end a MAP by itself. Paragraph 2 of Schedule 1 lets the Accountant in Bankruptcy end the minimal asset modifications if you can contribute. Updated 3 Sept 2026 Read
What Happens To A Jointly Owned Asset In MAP Bankruptcy? Owning a share of land is an absolute bar on a MAP. How a jointly owned car or bank balance is counted is not addressed anywhere, so here is what happens. Updated 3 Sept 2026 Read
What Happens To Your Car If You Are Sequestrated In Scotland? Your whole estate vests in the trustee under section 78(1) of the Bankruptcy (Scotland) Act 2016, and a car you own is part of it unless something takes it out. Updated 3 Sept 2026 Read
What Happens To Your Pension In Sequestration In Scotland? Not the pot, in the ordinary case. Accountant in Bankruptcy guidance treats an approved pension you have not drawn as out of the trustee's reach. Unapproved ones vest. Updated 3 Sept 2026 Read
What Happens To Your Savings In MAP Bankruptcy? Savings count as an asset, and the practical ceiling is £1,000 rather than £2,000. The Accountant in Bankruptcy's checklist explains where that comes from. Updated 3 Sept 2026 Read
What Is A Certificate For Sequestration In Scotland? A document granted under section 9 of the Bankruptcy (Scotland) Act 2016 certifying that you cannot pay your debts as they fall due, so you can apply yourself. Updated 3 Sept 2026 Read
When Can You Apply For MAP Bankruptcy A Second Time? Ten years after the first award. Section 2(2)(g) blocks a MAP where an award was made in the 10 years ending the day before your new application. Updated 3 Sept 2026 Read
Which Debts Are Not Written Off By Sequestration In Scotland? Section 145(3) of the Bankruptcy (Scotland) Act 2016 keeps fines, compensation orders, forfeited sums, debts from fraud and aliment alive after your discharge. Updated 3 Sept 2026 Read
Which Debts Count Towards The MAP Bankruptcy Debt Limit? Nearly every debt counts, but a student loan does not. Section 2(2A) of the Bankruptcy (Scotland) Act 2016 has left it out since 29 March 2021. Updated 3 Sept 2026 Read
Which Is Better, A Trust Deed Or Sequestration In Scotland? Neither is better in the abstract. A trust deed suits a dependable surplus income and something worth protecting, sequestration little surplus and few assets. Updated 3 Sept 2026 Read
Which Is Better, MAP Bankruptcy Or A Trust Deed? A MAP suits debts under £25,000 with nothing spare each month. A protected trust deed needs at least £5,000 of debt and a contribution you can actually pay. Updated 3 Sept 2026 Read
Which Jobs And Professions Does Sequestration Affect In Scotland? Five roles are closed by statute: company director, insolvency practitioner, Justice of the Peace, Scottish solicitor and charity trustee. Most other work is unaffected. Updated 3 Sept 2026 Read
Which Restrictions Still Apply After MAP Bankruptcy Ends? Section 146 of the Bankruptcy (Scotland) Act 2016 applies for six months from discharge, and the conditions are disclosure duties rather than bans. Updated 3 Sept 2026 Read
Will MAP Bankruptcy Affect Your Job Or Professional Licence? For most jobs a MAP makes no difference. Five roles are closed by statute to an undischarged bankrupt, and in a Minimal Asset Process that means six months. Updated 3 Sept 2026 Read
Will You Lose Your Home If You Are Sequestrated In Scotland? Not automatically. Your interest passes to the trustee, but section 112(2) of the Bankruptcy (Scotland) Act 2016 hands it back after three years if nothing is done. Updated 3 Sept 2026 Read
Will You Lose Your Pension In MAP Bankruptcy? On the Accountant in Bankruptcy's published position, a pension in payment at the date of bankruptcy counts as income and does not vest in the trustee. Updated 3 Sept 2026 Read
Will Your Bank Account Be Frozen In MAP Bankruptcy? Nothing in the Bankruptcy (Scotland) Act 2016 freezes a bank account. Your estate vests in the trustee and your bank then decides what it does with the account. Updated 3 Sept 2026 Read
Will Your Gas And Electricity Supply Be Affected By MAP Bankruptcy? A MAP does not switch your energy off, and nothing in it tells a supplier what to do. Arrears owed at the date of award go in and are cleared at discharge. Updated 3 Sept 2026 Read
Are DAS Fees Taken From Your Payment Or Added To Your Debt? Neither. The 20 per cent payments distributor fee and the 2 per cent DAS Administrator fee come out of the money on its way to your creditors, not off your pay. Updated 1 Sept 2026 Read
Are Trust Deed Providers In Scotland Regulated? Yes, but not by the FCA. Only a person qualified under section 390 of the Insolvency Act 1986 may act as your trustee, and the AiB supervises them. Updated 1 Sept 2026 Read