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Minimal Asset Process (MAP)

  • What is MAP bankruptcy?
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Home > Debt Solutions > MAP FAQs

MAP FAQs

There’s a lot to take in when you’re considering starting Minimal Asset Process (MAP) bankruptcy. If there’s still something you’re not sure about, our MAP FAQs should help. They cover some of the most commonly asked questions about MAP bankruptcy. And by the end, you can be sure you’ve got all of the facts to decide if it’s right for you.

MAP FAQs

How long does MAP last?

MAP lasts for six months after the Accountant in Bankruptcy (AiB) accepts it. It’s shorter than sequestration bankruptcy – this generally lasts for 12 months.

How does MAP bankruptcy affect my credit rating?

MAP bankruptcy will appear on your credit report for six years after you start it. And during this time, it will have a negative effect on your credit score. This means that even when your MAP is over, you might struggle to get credit or to apply for some services including a tenancy agreement or mobile phone contract.

How much does MAP cost?

You’ll pay a one-off application fee of £90 for MAP. This goes to the AiB when you apply for MAP through an approved money advice organisation.

We don’t offer a MAP application service but if MAP bankruptcy is the best solution for you, we will signpost you to the relevant free services to help you do this.

  • StepChange – Minimal Asset Process
  • Money Advice Service – debt advice locator

If you can’t afford the MAP application fee upfront, you may be able to pay it in instalments. But it’s important to note that your MAP won’t actually start until you’ve paid the full £90.

What debts can’t you include in MAP?

MAP is only for unsecured debts – so you can’t include any mortgages or car finance loans that are secured against the vehicle.

But there are a few other debts you can’t include in MAP. These are:

  • student loans,
  • magistrates court fines, or
  • debts from fraudulent activity (this includes benefit overpayments).

What happens to my creditors during MAP?

When you start MAP bankruptcy, the AiB will tell your creditors about this. This means you won’t need to pay anything towards your unsecured debts for six months.

Your creditors are also not allowed to contact you during MAP. They won’t be able to send you any letters, call you or pursue any further action against you while your debt solution is ongoing. However, they can still send you certain legal documents such as annual statements that fall within this period.

What if my personal circumstances change during a MAP?

If your circumstances improve and you no longer qualify for the Minimal Asset Process, you can be transferred to the full sequestration bankruptcy process. This means your bankruptcy will last the full 12 months and you’ll have to pay the extra £110 in fees.

Getting free impartial advice

The Money Advice Service is an impartial service set up by the Government.
They provide free debt counselling, debt adjustment and credit information services. Visit Money Advice Service

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Additional Customer Benefits

Our customers get access to additional services to help improve their financial circumstances. These include:

TV, broadband and landline comparison

Available to everyone – even if you’re not a Harrington Brooks customer

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Utility switching service

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Legal advice on associated debt issues

Only available to current active Harrington Brooks customers

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Benefit and entitlement checks

Only available to current active Harrington Brooks customers

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Looking for friendly help and advice?

Check out our easy-to-read articles and helpful guides if you have any questions about managing your money or if there’s something you just don’t understand about your debts.

If you’d prefer to talk to someone about your debt worries, you can give a member of our team a call on 0161 413 9530 for some impartial advice.

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Signposting to services

If you're struggling with debt, you might also benefit from access to additional support services. Our signposting to services page provides details of relevant charities and other organisations that could help you.

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Gregory Pennington Limited (c) 2018. Registered office: Think Park, Mosley Road, Trafford Park, Manchester M17 1FQ. Registered in England and Wales. Co Reg No. 2855061 Authorised and regulated by the Financial Conduct Authority for its consumer credit and insurance and mortgage mediation activities. Regulated by the Claims Management Regulator in respect of regulated claims management activities.

One Advice Ltd, trading as Harrington Brooks IVA is now Freeman Jones Ltd, trading as Harrington Brooks.

Freeman Jones Registered office: Think Park, Mosley Road, Trafford Park, Manchester M17 1FQ. Co Reg No 4348410. Registered in England and Wales. Regulated by the Claims Management Regulator in respect of regulated claims management activities. Freeman Jones Limited is an appointed representative of Gregory Pennington Limited for its credit broking and insurance and mortgage mediation activities, which is authorised and regulated by the Financial Conduct Authority.

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