Articles

Bailiffs and Legal Action

Can I be taken to court for debt in Scotland?

The ongoing cost-of-living crisis and rising cost pressures for Scottish businesses are pushing debts to problematic levels for many. Whether it’s credit card bills, overdraft debts, mortgage and re...

Personal Debts

What is the difference between secured and unsecured debt in Scotland?

Whether you’re an individual managing personal debt or a business owner handling your company’s finances, you need to understand the different types of debt and the obligations they bring.

Trust Deed

Will all my debts be covered by a Trust Deed?

If you live in Scotland and have at least £5,000 of unsecured debt that you cannot pay, a Trust Deed is a powerful debt solution to help you get back on track.

Bailiffs and Legal Action

What to do if you owe money to a loan shark in Scotland?

The cost-of-living crisis is having an increasingly damaging impact on the people of Scotland, with 7% saying they, or someone they live with, has interacted with an illegal money lender.

Personal Debts

Can debt affect my home in Scotland?

When you're struggling with debt, one of your biggest concerns is likely whether you could lose your home.

Sequestration

What type of debt is included in a sequestration in Scotland?

Sequestration is Scotland's form of bankruptcy, designed for people who cannot repay their debts. If you're considering sequestration, one of the most important things to know is which debts will be i...

Business Debt

I can’t afford my payment on account Self Assessment tax bill – what are my options?

If you are self-employed or have income outside PAYE, you may be familiar with HMRC’s Self Assessment payment on account system.

Businessman looking at finances on the laptop

Trust Deed

What is the role of the Trustee in a Trust Deed?

If you’re struggling with unmanageable debt problems in Scotland, a Trust Deed can provide a route towards a brighter future.

Trust Deed

Can a Trust Deed affect my job or employment status?

Whether being in debt affects an employment contract is a serious concern for many people.

Personal Debts

How can I deal with joint debts in Scotland?

When it comes to joint debts in Scotland, it is typically the case that both individuals named on the debt are equally responsible for repaying the full amount owed. If one person can't or won't pay,...

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.

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