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Comments

  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump..............:staradmin
    "If wishes were horses, then beggars would ride"
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump........:starmod:
    "If wishes were horses, then beggars would ride"
  • TheGardener
    TheGardener Posts: 3,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    bump.....such a useful post...:D
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump..............:staradmin
    "If wishes were horses, then beggars would ride"
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump........:starmod:
    "If wishes were horses, then beggars would ride"
  • National_Debtline
    National_Debtline Posts: 7,998 Organisation Representative
    Tenth Anniversary 1,000 Posts Combo Breaker
    Hello again


    A couple of additions following the recent amendments to Scottish bankruptcy law:


    MAP - Minimal Asset Process - this replaces the previous LILA (Low Income Low Asset) scheme as a route into bankruptcy for those who meet the relevant criteria.


    NB Please don't take out LILA just yet, as there may be queries from people who still haven't been discharged from theirs!


    BADA(S) - Bankruptcy and Debtors Act (Scotland) - this is the new legislation that brought in changes including the above. Unlikely to be used that often, but it's such a great acronym that it would be a shame to waste it...


    Dennis
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    National_Debtline wrote: »
    Hello again


    A couple of additions following the recent amendments to Scottish bankruptcy law:


    MAP - Minimal Asset Process - this replaces the previous LILA (Low Income Low Asset) scheme as a route into bankruptcy for those who meet the relevant criteria.


    NB Please don't take out LILA just yet, as there may be queries from people who still haven't been discharged from theirs!


    BADA(S) - Bankruptcy and Debtors Act (Scotland) - this is the new legislation that brought in changes including the above. Unlikely to be used that often, but it's such a great acronym that it would be a shame to waste it...


    Dennis
    @natdebtline

    Thank you Dennis :beer:
    Best wishes
    IF
    "If wishes were horses, then beggars would ride"
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump..............:staradmin
    "If wishes were horses, then beggars would ride"
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump........:starmod:
    "If wishes were horses, then beggars would ride"
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    Bump..............:staradmin
    "If wishes were horses, then beggars would ride"
This discussion has been closed.
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