Low income assets, low income bankruptcy proceedings

The number of bankruptcies in Scotland continues to rise and the government has been quick to appreciate that many potential bankruptcies have low income low asset bases. Hence the authorities have introduced the low income asset bankruptcy system which effectively... 

Bankruptcy England and Trust Deeds Scotland

Many people will be surprised to learn that as yet we have seen no substantial increase in trust deeds (the Scottish equivalent of bankruptcy) and actual bankruptcy numbers in England and Scotland. There is however a very simple explanation for this situation as...