Articles

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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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...

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.

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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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.

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.

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.

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.

Trust Deed

Will I Lose My Home If I Enter Into a Trust Deed?

If you’re having difficulty paying your debts and have assets or a regular income, you may qualify for a Trust Deed.

Business Debt

What are the insolvency tests for a limited company?

If your company is experiencing financial difficulties, it is important to determine the extent of the problems being faced so that a plan can be put in place to turn the situation around. One of your...

Business Debt

What are my options for closing my company?

If you’ve decided it’s time to close your limited company, there are several different routes you can take. The most appropriate closure method will depend on whether your business is solvent (can...

Business Debt

Can’t pay my company’s tax bill - what are my options?

Most companies put money aside to pay their PAYE, VAT and Corporation Tax bill. But what happens when you’re forced to spend that money on something else, or your bill is unexpectedly large and you...