Frequently Asked Questions

With so many debt solutions available it can be confusing as to what each one does. This is why we’ve put together a list of common questions from our customers so you can find the answers you are looking for quickly and easily.

If you have any further questions or want to discuss your options, get in touch with PayPlan. You can call us for free on 0800 280 2816 or you can request a callback using our ‘Get advice now’ button below.

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  1. What is MAP?
  2. Who can apply?
  3. How it works?
  4. How will it affect my credit rating?
  5. Will I lose my home?
  6. What debts can be included in an MAP?
  7. Will my creditors still pursue me for the debts?
  8. What happens if my situation changes so that I no longer meet the MAP criteria?

  1. What is MAP?
Minimal Asset Process (MAP) is a route into Sequestration for people with low income and no assets. It is formerly known as LILA.  
  1. Who can apply?

To qualify for the MAP route into sequestration you need to meet the following criteria:

  • Live in Scotland. MAP is only available to Scottish residents.
  • Owe at least £1,500 and no more than £17,000 in unsecured debt.
  • Total assets cannot exceed £2,000
  • Have received benefit support in the last 6 months, or have been assessed as having no disposable income to pay your creditors.
  • You don’t own any property or land
  • You don’t have any assets worth more than £1,000 other than a car. If your car is worth more than £3,000 you would need to sell this.
  • Be able to pay the £90 application fee, payable to the Accountant in Bankruptcy.
  • You must have taken money advice from a qualified money adviser or IP.
  • Have not been sequestrated in the last 5 years.
  • Have not been through the minimal asset process in the last 10 years.
  1. How it works?
Assuming you meet the criteria for MAP, this will be the entry route into Sequestration that you will enter once you have sought money advice from an approved money advisor and completed the relevant Debtor application pack.

You would have been assessed to have no disposable income or are in receipt of benefits; therefore there will be no requirement to make a monthly contribution to your creditors.

After six months from your MAP being awarded, and providing you have adhered to your obligations and the requirements, you would be discharged from MAP – and all the debt included in your MAP would be written off.
  1. How will it affect my credit rating?
MAP will show on your credit file with the credit reference agencies for a period of six years. This will make obtaining credit more difficult.  
  1. Will I lose my home?
MAP is only available to clients who do not own a property or land. If you live in rented accommodation, we do advise that you check your tenancy agreement to see if MAP or Sequestration will affect your tenancy. If it doesn’t affect your tenancy and you maintain your rent payments, then you will not lose your home.  
  1. What debts can be included in an MAP?
MAP will deal with all of your unsecured debts, including:

Bank loans
Payday loans
Credit cards and/or store cards

Secured debts such as mortgages and hire purchases are not included along with student loans, Court fines and any debt incurred through fraud.  
  1. Will my creditors still pursue me for the debts?
Your creditors cannot pursue you or take legal action for any debts included in the MAP once it has been awarded.  
  1. What happens if my situation changes so that I no longer meet the MAP criteria?

If you no longer meet the MAP criteria within the initial 6 month period, for reasons such as;

  • You actually have debts over £17,000,
  • you actually have assets over the MAP limits or
  • a change in circumstances which mean you have an income from which you can pay a contribution to you creditors,

Your bankruptcy will be then transferred to full administration Sequestration and you will no longer be automatically discharged after 6 months.

If this was to happen, you would be required to pay an additional fee of £110 as you will have entered into full Sequestration.