This section covers the Minimal Assets Process, what debts can be included in a MAP and the criteria to qualify for a mininal assets process bankruptcy
The Minimal Asset Process (MAP) debt solution can give you a fresh start by writing off debts that you can’t repay within a reasonable time.
It's aimed at people with a low income and not many assets, and is cheaper and more straightforward than sequestration bankruptcy.
This solution is only available to people living in Scotland.
If you live in England, Wales or Northern Ireland you may be able to apply for a debt relief order, which is a similar solution, but it's important to note that it has different benefits, risks and fees associated with it.
As long as the specified criteria are met, you can apply for your own bankruptcy via the Minimal Asset Process and potentially be free of unsecured debts within six months.
Is An MAP Right For Me?
Our specialists can quickly check if an MAP is the right thing for you to do. Simply call the team on 0800 36 88 133, or take the "Can I Get A MAP" test and and see if you qualify online.
I Contacted them at 5 pm on a Thursday night,they arranged a meeting Friday morning with all the relevant bodies their because my case was the following Monday .I can't sing their praises high enough they contacted the courts same afternoon. Fantastic response, I avoided bankruptcy on the Monday and was given time to arrange an Iva. I risked losing my home,my mother and fathers home all hope seemed lost until I made that fateful phone call. I can now sleep at night.
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