Debt solutions

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

Is A Debt Arrangement Scheme Better Than Sequestration If You Own Your Home? For a homeowner with enough surplus income to repay in full, a Debt Payment Programme is the safer start. It is not insolvency and your home is an excepted asset. Updated 1 Sept 2026 Read
Is There A Minimum Debt For The Debt Arrangement Scheme? No, and there is no maximum either. Regulation 21(1) allows a programme for the payment of one or more debts, so a single debt of any size is enough. Updated 1 Sept 2026 Read
Should You Choose A Debt Arrangement Scheme Or A Debt Management Plan? In Scotland a Debt Payment Programme binds your creditors, freezes interest and charges and stops diligence. A debt management plan is informal and does none of it. Updated 1 Sept 2026 Read
Should You Choose A Debt Arrangement Scheme Or A Trust Deed? A Debt Payment Programme repays your debt in full and is not insolvency. A protected trust deed is insolvency, and your estate conveys to a trustee. Updated 1 Sept 2026 Read
Should You Choose A Trust Deed Or Minimal Asset Process Bankruptcy? Minimal Asset Process bankruptcy is built for debts of no more than £25,000 and almost no assets. A trust deed needs £5,000 and four years of payments. Updated 1 Sept 2026 Read
What Are The Disadvantages Of A Debt Arrangement Scheme? You repay every penny, your details sit on a register anyone can search, and the programme runs for years with no statutory maximum. The real drawbacks and the myths. Updated 1 Sept 2026 Read
What Happens If A Creditor Objects To Your Debt Payment Programme? Your application carries on. Where consent falls short, regulation 25(1) requires the DAS Administrator to approve a programme that is fair and reasonable. Updated 1 Sept 2026 Read
What Happens When Your Debt Payment Programme Ends? The payments distributor sends a written notice of completion to the AiB, your money adviser, you and every creditor. The frozen interest ceases to be owed. Updated 1 Sept 2026 Read
What Is A Payments Distributor In A Debt Arrangement Scheme? The organisation approved by the DAS Administrator to collect your single monthly payment and share it out between creditors. It cannot charge you anything. Updated 1 Sept 2026 Read
What Is Business DAS And Which Businesses Can Use It? Business DAS is for a legal person, a trust or an unincorporated body. A limited company under the Companies Act 2006 cannot use it, and nor can a sole trader. Updated 1 Sept 2026 Read
What Is The £25,000 Debt Limit For MAP Bankruptcy? £25,000 is the most you can owe and still use the Minimal Asset Process. The figure comes from section 2(2)(b)(ii), includes interest and leaves out student loans. Updated 1 Sept 2026 Read
What Is The DAS Register And Can Anyone Search It? The statutory register of Debt Payment Programmes, kept by the Accountant in Bankruptcy under regulation 18. It is free to search and it is open to anyone. Updated 1 Sept 2026 Read
What Is The Difference Between A Trust Deed And A Debt Management Plan? A debt management plan is informal and does not stop diligence in Scotland. A protected trust deed binds every creditor and appears on a public register. Updated 1 Sept 2026 Read
What Is The Difference Between A Trust Deed And Sequestration? A trust deed is something you grant, with a 48-month payment period. Sequestration is Scottish bankruptcy, a creditor can force it, and discharge is at 12 months. Updated 1 Sept 2026 Read
What Is The Difference Between MAP Bankruptcy And Full Sequestration? Both are sequestration under the 2016 Act. MAP is the shorter route for debts under £25,000, assets under £2,000 and no land. Full administration covers the rest. Updated 1 Sept 2026 Read
What Is The Fair And Reasonable Test For A Debt Payment Programme? Where consent falls short, regulation 25(1) makes the DAS Administrator approve a programme that is fair and reasonable. What is weighed up, and how to challenge. Updated 1 Sept 2026 Read
Which Debts Can And Cannot Go Into A Debt Payment Programme? Credit cards, loans, overdrafts and council tax, rent or utility arrears go in. Student loans are excluded by regulation 3(2)(d), and court fines cannot go in. Updated 1 Sept 2026 Read
Which Is Better, A Trust Deed Or The Debt Arrangement Scheme? The Debt Arrangement Scheme repays your debts in full and is not insolvency. A protected trust deed is formal insolvency with a 48-month payment period. Updated 1 Sept 2026 Read
Which Jobs Can Be Affected By A Trust Deed In Scotland? No job in Scotland is closed to you by law because of a trust deed. Part 14 of the Bankruptcy (Scotland) Act 2016 has no employment disqualification in it. Updated 1 Sept 2026 Read
Which Should You Choose, A Debt Arrangement Scheme Or MAP Bankruptcy? In most cases you do not choose. MAP is built for someone who can pay nothing, and the Debt Arrangement Scheme for someone who can repay from surplus income. Updated 1 Sept 2026 Read
Why Would A Debt Arrangement Scheme Be Revoked? Bankruptcy, a protected trust deed and death end a programme automatically. Arrears, a breach of condition and an untrue statement are for the DAS Administrator. Updated 1 Sept 2026 Read
Will A Debt Arrangement Scheme Affect Your Job In Scotland? A Debt Payment Programme is not insolvency, so the bankruptcy job restrictions do not attach. Your employer is involved only where payment runs through payroll. Updated 1 Sept 2026 Read
Will You Lose Your Home In A Debt Arrangement Scheme? No. A Debt Payment Programme is not insolvency, nothing you own passes to a trustee, and your home is an excepted asset a condition cannot make you sell. Updated 1 Sept 2026 Read
Can You Get A Mortgage After A Trust Deed? Nothing in Scots law stops you. There is no statutory waiting period and no restrictions order after a trust deed, so the obstacle is commercial, not legal. Updated 30 Aug 2026 Read