Many people owe money and sometimes they may find it difficult to deal with their debts. There are a number of things you can do including:

• Coming to an informal arrangement with your creditors
• Setting up a debt management plan
• Entering a debt payment programme through the Debt Arrangement Scheme
• Signing a trust deed
• Applying for your bankruptcy.

Looking for help?

What is best for you will depend on a number of things including your personal circumstances and whether you have any property or assets.

The Accountant in Bankruptcy cannot give you advice on what you should do but you can get free and impartial advice from Money Advice Scotland or Citizens Advice Scotland.

Find out more

The Scottish Government has published a booklet called Debt and the consequences. The Accountant in Bankruptcy has also produced information in the booklet called Debtor's Guide.

You can find both publications on this website or you can get printed copies by e-mailing AIB@aib.gsi.gov.uk or by telephoning 0300 200 2600

The Scottish Government have also produced a range of booklets which provides details of agencies throughout Scotland that give free, independent, impartial and confidential money advice: