The latest statistics also show an increase in approved debt payment programmes through the Debt Arrangement Scheme
(DAS), which the Scottish Government says is its pioneering initiative allowing individuals to get back on track without entering insolvency.
In 2017-18, for example, nearly 1700 people in Scotland became debt free through the Debt Arrangement Scheme
There were signs that people struggling with debt in Scotland are seeking to regain control of their finances, with a 4 four per cent increase in the number of debt payment programmes approved under the Debt Arrangement Scheme
Contact one of the debt charities or Citizens Advice – they can help you work out whether a debt arrangement scheme
may be suitable, a debt arrangement scheme
may be suitable, where you come to an arrangement with your where you come to an arrangement with your creditors as to how quickly they are repaid.
In contrast, the use of the debt arrangement scheme
(DAS) has marginally increased compared to the corresponding period in 2012 (up by 3.7%).
The rise in the number of insolvencies is being attributed in part to a greater knowledge of the Debt Arrangement Scheme
- the new debt relief programme in Scotland aimed at helping people tackle their debts effectively -- and Protected Trust Deeds, which have risen 51% since March and 6% since the same time last year.
The bill proposes a new debt arrangement scheme
to help those in financial trouble.
Approved debt payment programmes under the Scottish Government-backed Debt Arrangement Scheme
were practically identical compared to a year ago, falling by just one from 663 to 662.
HMRC are known to accept debt solutions like a debt arrangement scheme
or a protected trust deed, which helps you to avoid sequestration.
A website and TV advert will highlight the Debt Arrangement Scheme
, which aims to help people pay back debts over a reasonable length of time, based on the amount owed and their budget.