Articles

Trust Deed

Pros and Cons of a Scottish Individual Voluntary Arrangement

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors. It is negotiated and set up by a licensed Insolvency Practitioner (IP), who administers it over the full...

Trust Deed

Business Debt

Can I enter into a Trust Deed as a sole trader when i'm struggling?

Being in debt as a sole trader can be particularly concerning because you are personally responsible for the debts of your business.

Bailiffs and Legal Action

What is an attachment of property for individuals in debt?

One of the most common worries of people in debt is whether they could have their home taken away from them or their possessions sold in order to pay back the money they owe.

Personal Debts

I have lost my job and can’t afford to pay my bills. What next?

If you have lost your job and are unable to pay the bills, the first thing you should do is make a list of all your creditors. You will need to prioritise them, and then contact each one in turn.

Personal Debts

What are the best money-saving apps to help with debts?

If you are struggling with unmanageable debt, there are a number of apps which can help with better money management. Here is our pick of the best....

Budgeting

How to claim tax back when working from home

If your employer has told you to work from home, whether full time or part time, you can claim a tax rebate for home working expenses. Find out how, here.

Personal Debts

I’ve received an Earnings Arrestment Order - what next?

An Earnings Arrestment Order (EAO) allows the court to collect money from your wages in order to repay debts that you owe. These payments are deducted from your monthly salary until your debt is paid...

Bailiffs and Legal Action

What is moratorium on diligence or moratorium protection?

If you finding it difficult to repay one or more of your creditors, and need more time to consider your options without the threat of legal action, you can now apply to the Accountant in Bankruptcy (A...

Personal Debts

Gambling addiction – what help is available in Scotland?

Because it’s highly addictive, gambling on even a small scale can turn into an addiction that takes over your life. The fact that it’s also easily accessible online now only serves to exacerbate t...

Personal Debts

Is there a link between personal debt and mental health?

Problem debt does not happen overnight. What may start as a niggling worry over how you are going to meet your next monthly payment, can quickly escalate into sleepless nights, and unfortunately for s...

DAS

Can I keep PPI compensation if I’m in a Debt Arrangement Scheme?

The Payment Protection Insurance scandal of recent years has led to hundreds of thousands of people making claims for compensation relating to financial products they were mis-sold.

Sequestration

Trust Deed

Is a Trust Deed or Sequestration public knowledge?

Entering a Trust Deed or Sequestration (Bankruptcy) will be recorded on the Register of Insolvencies which is publicly accessible, including these details.