The Accountant in Bankruptcy recently announced that some of the temporary measures introduced due to the coronavirus had been made permanent. They also confirmed that the remaining temporary measures have now been extended by a further six months.
Debt Help Guides & Articles
Debt can be confusing for many people, not knowing what their options are. That is why we have compiled a list of guides, articles and the latest news on debt issues to help you.
Change to bankruptcy legislation to help the most financially vulnerable.
The Scottish Parliament has approved legislation that paves the way for lower cost and improved access to debt relief through bankruptcy for the most financially vulnerable.
Debt and Mental Health
In his latest article, Senior Insolvency Manager Ian Brown discusses the links between debt and mental health issues.
The Rise of DAS During The Pandemic
The Scottish Debt Arrangement Scheme (DAS) continues to rise in popularity despite personal insolvencies falling during the pandemic.
DAS - The Low and Grow Approach
With the ongoing COVID-19 crisis, the Accountant in Bankruptcy (AiB) have announced a further temporary change to the Debt Arrangement Scheme (DAS). Called ‘The Low and Grow’ approach, it allows debtors to start repaying their debts through DAS at a lower rate, increasing once circumstances improve.
Reset your debt
We are acutely aware that the pandemic has created unexpected money problems for many people. We've created these short videos and guides to help you understand the options that are available to deal with your debt.
COVID-19 Debt Support Hub
Our COVID-19 Support Hub provides the latest information and links to help you access help.
This booklet is intended as a self-help guide to assist you managing your debts. Realistically it cannot cover every eventuality. If you feel you cannot cope ...
Credit Card Debt Changes
Credit card debt changes In February 2018, the Financial Conduct Authority (FCA) published changes to the rules of credit card debt. At this time, it was esti ...