Banking
What is MAP sequestration in Scotland?
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In short: Minimal Asset Process — a streamlined Scottish sequestration for people on low income with few assets and debts from £1,500. Application fee £90; discharge often after six months with no income payment agreement.
Content updated:
You cannot own significant home equity or high-value assets.
You must not have been sequestrated in the past five years.
See sequestration Scotland guide for full vs MAP routes.
Primary source: aib.gov.uk
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