Debt Help Guides & Articles

Our guide provides some ideas to help spruce up your festive finances and keep Christmas affordable.

Ian Brown covers the pending changes to several Scottish debt solutions as pandemic restrictions continue to be lifted. AiB have confirmed they will end some of the changes to business processes from 30 August following the Scottish Government's expected lifting of restrictions on 9 August. See what's covered.

Personal debt expert Ian Brown discusses the latest Scottish Government debt statistics. Financial support packages to help people through the pandemic have resulted in a sharp decline in applications of certain debt solutions. However, an increase in DAS cases could signify the start of a worrying trend.

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.

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.

In his latest article, Senior Insolvency Manager Ian Brown discusses the links between debt and mental health issues.

The Scottish Debt Arrangement Scheme (DAS) continues to rise in popularity despite personal insolvencies falling during the pandemic.

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.