Do I qualify for MAP?
MAP is a form of bankruptcy for people in very difficult circumstances - helping them write off the unsecured debts they can't afford to pay.
You may qualify if your total assets come to no more than £2,000 in total (excluding a car, which can be worth up to £3,000 if for essential use). You also cannot own, or jointly own, a property or area of land.
For a better idea of whether you may qualify, call 0161 667 2599 for a chat with one of our expert advisors.
How much debt do I need to qualify for MAP bankruptcy?
To apply for bankruptcy in Scotland through MAP, you must owe between £1,500 in unsecured debt (e.g. personal loans and credit cards) and no more than £17,000.
Unfortunately, if you owe less than £1,500 you won't qualify for MAP - but there may still be help available. Here at Wilson Andrews we specialise in insolvency help for Scottish residents. To find out about other non-insolvency solutions, such as debt arrangement schemes, debt management or debt consolidation, click here.
How much does MAP cost?
Getting help with your debts through MAP will cost a £90 application fee to the Accountant in Bankruptcy (AiB). This can be paid in four instalments, if necessary.
What if I don't qualify for MAP bankruptcy?
There could still be help available. We offer a range of debt solutions to help with all kinds of problems with debt. Request a callback to find out which ones could help you.
Some of the debt solutions we provide include:
- Trust Deed
For more advice on the help available, get in touch on 0161 667 2599.