Minimal Asset Process

Complete Debt Relief if You Meet Criteria

Minimal Asset Process (MAP) is a form of bankruptcy in Scotland which allows people who have no assets and no affordability to write off their debt within 6 months. In order to qualify, you must meet certain criteria, which you can find here


MAP Sequestration will impact your credit file for 6 years, from when it begins.


Unfortunately, we are not able to help clients apply for MAP at this time, but we are able to provide you with advice about this option. You can get help to apply through sources such as your local Citizens Advice, local authority and other charitable organisations. To find a local money advisor near you, visit Scotland’s Financial Health Service or the Money Advice Service.


Are You Eligible?

Could you write off up to 81% of your debt?

  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • Step 5
  • Finish

Do you live in Scotland?

Yes
No

How much debt do you have?

£0 - £4k
£4k - £10k
£10k- £15k
£15k - £20k
£20k - £30k
Over £30k

What is your employment status?

Unemployed
Employed Full Time
Employed Part Time
Self Employed
Student
Retired

How much are you currently paying each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

How much can you afford each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

Sorry

Based on the answers you have just given we don't have a suitable solution for you.

However, we would like to point you in the direction of someone who can help, so give us a call!

Contact Us Call Now
Free money advice is available from the Money Advice Service

Great News!

We think we can help! Leave your details and we'll get back to you.

What are the advantages of MAP?

  • Creditors cannot keep contacting you
  • Creditors cannot object
  • Debts completely written off after 6 months

What are the disadvantages of MAP?

  • Your credit rating will be affected
  • An application fee applies (usually £90, however reduced to £50 during the COVID-19 pandemic)
  • Should your circumstances change during the 6 months, it would be upgraded to a full administration bankruptcy (Sequestration)

Are You Eligible?

Could you write off up to 81% of your debt?

  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • Step 5
  • Finish

Do you live in Scotland?

Yes
No

How much debt do you have?

£0 - £4k
£4k - £10k
£10k- £15k
£15k - £20k
£20k - £30k
Over £30k

What is your employment status?

Unemployed
Employed Full Time
Employed Part Time
Self Employed
Student
Retired

How much are you currently paying each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

How much can you afford each month?

£0 - £99
£100 - £149
£150 - £199
£200 - £249
£250 - £299
Over £300

Sorry

Based on the answers you have just given we don't have a suitable solution for you.

However, we would like to point you in the direction of someone who can help, so give us a call!

Contact Us Call Now
Free money advice is available from the Money Advice Service

Great News!

We think we can help! Leave your details and we'll get back to you.