A Minimal Assets Process (MAP) is a version of bankruptcy available for people in Scotland. It’s usually suitable for people receiving benefits or lower incomes, with relatively small amounts of debt. CAP will check that you qualify for this before helping you with the application and submitting it for you.
Can I get a MAP?
To qualify for a MAP:
Your debts must total between £1,500 and £25,000
Your assets must be worth no more than £2,000, with no single item worth over £1,000
Your car or other motor vehicle may be worth up to £3,000
You must not own land or property
You cannot have been through sequestration in the last five years, or a MAP in the last ten years
Your income must come solely from benefits only, or you must have no disposable income (this means the money left over after you’ve paid all your living costs each month, such as food, rent and bills).
You must live in Scotland, or have lived there within the last 12 months.
If you decide to work with us, we’ll let you know whether a MAP would suit you as part of your CAP Plan.