Can my creditors contact me?
Your creditors can’t contact you or take any legal action to collect the debt once your MAP bankruptcy has been approved.
How long does MAP last?
It will normally last for six months. At this point, your debts are written off, but you can’t apply for any further credit for six months.
What debts can be included in MAP?
Most debts are included, but if you have any court fines, student loans or child maintenance arrears, you’ll need to keep paying these as normal.
How will my credit file be affected?
MAP bankruptcy will appear on your credit file for six years, and you’ll find it much harder to get further credit during this time. Your details will also appear on a public register of insolvencies.
Could it affect my job, home or bank account?
It may affect you in other ways depending on your individual circumstances, for example:
- Your bank is likely to close your account, and you may find it difficult to open a replacement
- Bankruptcy can lead to disciplinary action or dismissal in some jobs
- If you live in private rented housing or you have rent arrears, your landlord may evict you
- If you’re self-employed, bankruptcy may make it harder to trade, especially if you rely on credit to pay for stock or services