MAP is a bankruptcy route with its own conditions
The Minimal Asset Process is a Scottish bankruptcy route for a particular financial profile. AiB acts as trustee in cases awarded through MAP and explains the duties that continue during the procedure. Limited assets or a low income do not make any future borrowing automatically affordable. Check the eligibility and case documents with a qualified adviser rather than assuming the route is simply a short administrative cancellation.
Restrictions and reporting can continue beyond an initial milestone
AiB’s guidance describes reporting changes and restrictions associated with the process, including a period following discharge. A person considering credit should confirm exactly what duties remain and disclose the status where required. If the need comes from an essential expense, discuss available assistance and the budget before taking an instalment. The timing of discharge should not be confused with removal of credit history or guaranteed acceptance by lenders.
