MAP had been introduced in April 2015 for Scottish residents that do perhaps not have their very own home

MAP had been introduced in April 2015 for Scottish residents that do perhaps not have their very own home

don't have a lot of or no cost cost savings and are also on a low income. MAP enables individuals in this case means into sequestration.

The measures that are following to be met:

• the absolute minimum debt of £1500.00 but cannot surpass £17000.00. • Assets cannot complete significantly more than £2000.00 with no asset that is individual a lot more than £1,000. • a customer can have a car or truck which they require however the vehicle may not be worth a lot more than £3000.00. • No land or home may be owned. • Have a legitimate certification of sequestration, this will be a formal document confirming that the customer cannot spend their debts when they're due.Read more