Category Archives: Debt advice

  • Moratoriums in Scotland

    Written by Chelsea Potter

    Are you worrying that creditors are going to take legal action against you before you have had the opportunity to seek professional debt advice?In April 2015 we saw the introduction of moratoriums in Scotland. They replaced the previous DAS intimations and were put in place to help prevent legal action…

  • How will a Trust Deed affect my property?

    Written by Chelsea Potter

    One of the main concerns people express when enquiring about trust deeds is whether they will lose their home. As properties are considered an asset they must be declared in a Trust Deed and creditors must be made aware of any available equity. Any available equity must be ‘released’ to…

  • Declaring Bankruptcy in Scotland – The Myths

    Written by Chelsea Potter

    There are many myths surrounding bankruptcy in Scotland so we thought it would be a good idea to put together a myth busting blog post. We hope this post will help clarify the current sequestration process  and help you understand how this debt solution works – if however you have questions or would like…

  • Sheriff officers rights in Scotland

    Written by Chelsea Potter

    Sheriff Officers, or bailiffs as they are otherwise known, collect debts on behalf of your creditors. They are seen as a last resort by your creditors to try and obtain some form of repayment. If you ignore your creditor’s attempts at contact and don’t come to a payment agreement, they…