Hi there braindead
The Sequestration (bankruptcy) process you are using is the "Minimum Assets Process" MAP. This process was introduced on the 1st April 2015. As such it did not exist the first time you went bankrupt. It has replaced the LILA (Low Income Low Assets)
process in Scotland. The application fee is just £90 and you are discharged after 6 months. It is cheaper and more straight forward than the standard sequestration process but like the DRO in England
you have to meet various criteria to qualify:
1. You must have a low income: Either made up solely of income-related benefits such as jobseekers allowance (JSA) or you have no disposable income.
2. Your debts are more than £1,500 and less than £17,000
3. Your car is worth £3,000 or less
4. Your other assets are worth less than £2,000 in total, with no single item worth more than £1,000
5. You’re not a homeowner
6. You haven’t been bankrupt in the last five years
Given that you fit within all of these criteria you qualify for MAP. This is why the CAB are implementing it for you
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