Debt Problems

Scotland’s latest statutory debt figures, published by the Accountant in Bankruptcy (AiB), for January to March 2026 show a clear rise across both individual and business solutions.

Debt rarely appears all at once. More often, it creeps up gradually, through unexpected bills and relying on credit. Many people understandably see credit as a safety net.  The difficulty arises when credit begins to feel like part of regular income. One of the most powerful tools in avoiding serious debt problems is a conscious change in mindset, shifting from reactive spending to intentional spending.

Acronyms are part of everyday business life. Most of us talk about VAT, PAYE, HR or KPIs without thinking twice about what the letters stand for. In insolvency, though, those abbreviations come with more significance. They’re not just labels for convenience, they describe legal routes that can shape someone’s financial future.

Senior Insolvency Manager Ian Brown has shared an A to Z of personal insolvency in Scotland. Each letter breaks down a key term or concept in plain English - it ...

For many sole traders and small business owners across Scotland, the scariest thing this Halloween isn’t what’s lurking in the shadows - it’s the thought of unpaid invoices, mounting tax bills, and sleepless nights over cashflow. Debt demons can creep up quietly, turning small problems into monstrous ones before you know it. But the good news is - you don’t need to face them alone.

The cultural stigma around debt stops some people seeking help until their situation is at crisis point. This article looks at ways that could shape a more supportive future where people can talk about their debt issues and seek solutions.

As the bills pile up, dealing with Christmas debt in January can be overwhelming. Fortunately, in Scotland there are several debt solution options to help you to regain control of your finances.

Christmas is a time for warmth, cheer, and celebration, as families and friends gather to make the season special. Yet, the pressure to buy gifts, prepare meals ...

Bounce Back Loans need to be repaid. Here we provide clarity on key topics, including the responsibility of businesses to repay loans and the implications of government security in cases of insolvency.