This solution is only available to people living in Scotland. If you live in England, Wales or Northern Ireland you may be able to apply for a debt relief order, which is a similar solution, but it's important to note that it has different benefits, risks and fees associated with it.
Who can apply for MAP bankruptcy?
To apply you must meet the following conditions:
- You live in Scotland
- You’re on a low income. This can be defined in two ways: Your income is made up solely of income-related benefits such as jobseekers allowance (JSA), or the amount of money you earn covers your essential living costs but you have nothing left over
- Your debts are more than £1,500 and less than £17,000
- Your car is worth £3,000 or less
- Your other assets are worth less than £2,000 in total, with no single item worth more than £1,000
- You’re not a homeowner
- You haven’t been bankrupt in the last five years
How MAP bankruptcy works
To apply for MAP you need to pay a fee of £90. The full amount needs to be paid and there are no exemptions or reductions available.
You’ll also need to get advice from an approved money advice organisation such as us. You can’t apply without doing this.
We can help you work out if MAP is the best option for you. If it is, we’ll ask you to send us details of your income and debts. We’ll check all your paperwork and provide all the support you need.
You should also be aware that with MAP bankruptcy your details will be added to a public register, called the Register of Insolvencies (ROI), for a period of five years.