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What happens to my personal debts when I get married? What Happens To Debt When Married
Personal Debts

What happens to my personal debts when I get married?

If you’re getting married and are worried about what happens to your personal debts, initially you need to consider whether the debts are in your name only, or are joint with your partner – this d...

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What happens to my pension in sequestration? Pension problems
Sequestration

What happens to my pension in sequestration?

When you enter sequestration, your assets are placed in the control of a Trustee who will seek to realise as much money as possible from them in order to pay your creditors.

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I can’t afford my buy-now pay-later payment Person Showing Buy Now Pay Later
Personal Debts

I can’t afford my buy-now pay-later payment

Buy-now pay-later is a type of credit that offers a deferred period during which you don’t have to make any payments. This could be for a month or longer – sometimes the first payment on an item i...

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How do I calculate my monthly living expenses? Man Calculating Living Expenses
Budgeting

How do I calculate my monthly living expenses?

If you’ve entered into a Scottish trust deed or any other personal insolvency procedure, and are worried about how you’re going to manage the bills, making a budget is one of the most important st...

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Expert Advice for Out of Work Oil and Gas Contractors Oil and gas platform
Personal Debts

Expert Advice for Out of Work Oil and Gas Contractors

The steep decline of the oil and gas industry in Aberdeen severely affected contractors when the price of crude oil dropped dramatically in 2014. Although prices have risen since then, unfortunately j...

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What if I can no longer afford my car lease? Auto Dealer Selling Car To Client
Personal Debts

What if I can no longer afford my car lease?

The car finance market has exploded in recent years, with financial experts expressing concern that this type of borrowing could end up being the next ‘debt bubble.’

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What is the process of winding up a company in Scotland? Company Closed For Good
Business Debt

What is the process of winding up a company in Scotland?

When a company is wound up it means it permanently closes down, and creditors repaid as far as monies allow. The winding up process in Scotland is set out in the Insolvency Act, 1986, Sections 122-124...

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What is Debt Consolidation? Couple working out household debt
Personal Debts

What is Debt Consolidation?

Debt consolidation combines various debt payments into a single monthly repayment. It is designed to make your total debts more affordable, and their management easier. A debt consolidation loan can b...

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Dealing with HMRC tax debts Calculating Tax Debts
Business Debt

Dealing with HMRC tax debts

Her Majesty’s Revenues and Customs (HMRC) is one of the biggest creditors in Scotland, and indeed across the rest of the UK.

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Can you be jailed for debt in Scotland? Person In Jail
Bailiffs and Legal Action

Can you be jailed for debt in Scotland?

When you’re in serious debt and can’t see a way out, it’s important to know your rights and how the situation may affect you.

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How to write off gambling debt Gambling Wheel
Personal Debts

How to write off gambling debt

If you have built up debt from gambling, you may be able to write off part or all of the debt via a formal Scottish insolvency route.

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What is the impact of my wife or husband’s sequestration on me? What Is The Impact Of My Wife Or Husbands Sequestration On Me
Sequestration

What is the impact of my wife or husband’s sequestration on me?

The nature of sequestration means that your husband or wife’s assets are placed under the control of a trustee.

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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