Minimal asset process (MAP) is a MAP right for me?

A minimal asset process (MAP) is a mini form of bankruptcy. It would allow you to write off debts you can’t pay back in a reasonable amount of time.

The solution used to be called low income low asset (LILA). But recently changed its name to minimal asset process (MAP). This solution is only available in Scotland. The equivalent in England wales and Northern Ireland is called a debt relief order (DRO).

This solution is perfect for people with low incomes and not many or no assets and is a more affordable alternative then sequestration.


(MAP advice overview)

Pros Cons
Most debts can be included in a MAP such as credit cards loans store cards and others types of unsecured credit. The fee to apply for the MAP is around £90.00 and this has to be paid in full before the application is made.
The creditor cannot take any further legal action against you. You cannot apply for a MAP if you are a home owner.
Interest and charges are frozen and cannot be applied whist the plan is in place. MAP will affect your credit rating for a period of 6 years.
You will be discharged from the MAP after 6 months This solution is only available to permanent residents in Scotland.
You are discharged from the MAP after 6 months although you will have to abide by some restrictions for 6 months. You can only apply for a DAS once a year. So if your application is rejected you will have to wait.
All of your debt included in the MAP will be legally written off. you must have debt more than £1500 and debt and less than £17000
Fresh start once the MAP is completed Court fines, student loans and CSA arrears cannot be included.

(Key issues to consider with a MAP)

Before considering MAP there are other keys issues you may need to take into consideration.

MAP is individual to you if you have any questions or queries please do not hesitate to contact us on free phone 0800 206 1447.

Talk To Our Experts
Get debt help now