Minimal Asset Process
Scottish residents who are on low income, with not many assets and struggling to repay their debts could take control of their debts with the Minimal Asset Process.
Minimal Asset Process (MAP) replaced the LILA (Low Income, Low Asset) scheme in April 2015 and is a form of sequestration (bankruptcy). MAP can help you if you are on low income, have little assets and are struggling to repay your unsecured debts. MAP is a cheaper alternative to Sequestration and people are often discharged after six months with their debt troubles resolved.
If you live in England, Wales or Northern Ireland, MAP is not available to you. Visit our pages on Debt Relief Orders, which are the equivalent debt solution to MAP.
Disadvantages of MAP
Advantages of MAP
Is MAP right for me?
How do I apply for MAP?
Applying for MAP is a more simplified process than Sequestration (Bankruptcy) and requires you to submit an application to the Accountant in Bankruptcy and pay a £90 fee.