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What is a bank arrestment in Scotland? Bank account frozen
Sequestration

What is a bank arrestment in Scotland?

A bank arrestment is a legal process in Scotland where a creditor (a company you owe money to) can freeze your bank account in order to recover a debt you owe.

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Can I lose my home if I am sequestrated in Scotland? Sad woman with boxes
Sequestration

Can I lose my home if I am sequestrated in Scotland?

In sequestration (the term for bankruptcy in Scotland), whether you lose your home depends on whether it's an asset and if you have equity in it

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What happens at the end of a DAS in Scotland? End Of A DAS In Scotland
DAS

What happens at the end of a DAS in Scotland?

A Debt Arrangement Scheme (DAS) can complete in one of two ways, either the final monthly repayment is made as per the original arrangement, or a lump-sum payment is made in order to satisfy the outst...

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Self-employed debt advice in Scotland Concept of financial advice and remote work platforms
Business Debt

Self-employed debt advice in Scotland

When business debts begin to spiral out of control, action must be taken to address the root cause of the problems being faced and prevent any further losses being accrued. When a business is operated...

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How to clear debts in Scotland Clear Debts In Scotland
Personal Debts

How to clear debts in Scotland

If you are looking at ways to clear your debts in Scotland, you may be wondering whether it is possible to have some of your more unmanageable debts written off entirely.

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Can I include benefit overpayments in a trust deed? Trust deed concept with a notebook, red pen, and financial charts on white background .
Trust Deed

Can I include benefit overpayments in a trust deed?

Benefit overpayments – even if they were caused due to an error by the DWP – are debts that need to be paid back just like any other.

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How much does a Trust Deed cost? Trust Deed is shown as the financial and legal concept
Trust Deed

How much does a Trust Deed cost?

A Trust Deed can be a great way to manage personal debts which have spiralled out of control. As part of a Trust Deed you will be asked to make a monthly contribution towards your debts which will cov...

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How long does a Debt Arrangement Scheme (DAS) last in Scotland? women working on desk with computer laptop
DAS

How long does a Debt Arrangement Scheme (DAS) last in Scotland?

Debt Arrangement Schemes do not have a fixed period. Instead, they are designed to be an affordable debt repayment option which gives individuals the time they need to clear their debts in Scotland.

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Can I get the interest frozen on my debts in Scotland? Interest Freeze
Personal Debts

Can I get the interest frozen on my debts in Scotland?

When it comes to debt, one of the major problems people face is the interest which is added to the outstanding balance.

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Can I get a mortgage after a Debt Arrangement Scheme (DAS)? House model with agent and customer discussing calculate for price contract to buy, get insurance or loan real estate or property.
DAS

Can I get a mortgage after a Debt Arrangement Scheme (DAS)?

If you have aspirations of buying a home but have recently been in a Debt Arrangement Scheme (DAS), the good news is that getting a mortgage after a DAS is possible. You may even be able to access a m...

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How can I manage my debts even with a low income? Young couple sitting in the kitchen preparing bills to pay
Personal Debts
Budgeting

How can I manage my debts even with a low income?

Getting out of debt is difficult enough at the best of times, but when you’re on a low income, it can feel like an uphill battle.

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Pros and cons of a Trust Deed Trust Deed is shown using a text
Trust Deed

Pros and cons of a Trust Deed

A Trust Deed can be a viable alternative to sequestration for individuals in Scotland with unmanageable and unsecured debts of over £5,000.

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Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

We have FCA authorisation for advice relating to Debt Arrangement Schemes and we are regulated by the ICAS and IPA when giving advice as an insolvency practitioner leading to our appointment in formal insolvency proceedings

 

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners