Minimal Asset Process (MAP). What is it?

Can I apply for a MAP?

To apply for MAP bankruptcy you must meet the following conditions:

  • You must live in Scotland, or have lived in Scotland in the last 12 months
  • Your debts are more than £1,500 but less than £25,000 (this limit has been increased from £17,000 until at least the end of March 2021)
  • Your car is worth £3,000 or less
  • Your other assets are worth less than £2,000 in total, with no single item worth more than £1,000
  • You’re not a homeowner
  • You haven’t gone through sequestration, which is bankruptcy in Scotland, in the last five years

When it comes to your income, there are two ways you can qualify:

  • Your income is made up solely of income-related benefits such as jobseekers allowance (JSA), Universal Credit etc …
  • There’s no money left over from your total earned income once all your essential living costs are paid

The MAP application process

The Scottish Government has announced that the fee for MAP bankruptcy has been reduced to £50, at least until the end of March 2021. No fee will be payable for those receiving certain benefits, including when those benefits are not your sole income. You’ll also need to get advice from an approved money advice organisation such as us. You won’t be able to apply without doing this first.

We can help you understand if MAP bankruptcy is the best option for you. If it is, we’ll ask you to send us details of your income and debts. We’ll check all your paperwork and provide all the support you need.

You should be aware that with MAP bankruptcy, your details will be added to a public register called the Register of Insolvencies (ROI) for a period of five years.

The minimal asset process (MAP) is a way of applying for bankruptcy which is aimed at people on a low income with very few or no assets. It’s a means of writing off debt that you’d struggle to repay within a reasonable time.

The MAP bankruptcy is not available if you live in England, Wales or Northern Ireland. In these countries, a debt relief order (DRO) is a similar solution, but it’s important to note that it has different benefits, risks and fees associated with it.

Need some professional debt advice to find out what solution is right for you?

Considering a Minimal Asset Process (MAP)?

Minimal Asset Process (MAP) is a specialised area of Scottish debt advice. If you haven’t already received advice from us, make sure it’s the best solution for you by contacting us. We’ll provide you with a tailored budget and the best solution to help you deal with your debts.

See our Frequently Asked Questions on the Minimal Asset Process (MAP)