What is a Moratorium

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=veh4iaRh5EY

🛡️ Understanding Moratorium: Your Shield Against Creditor Pressure • In Scotland, a moratorium offers temporary protection to individuals facing financial difficulties: • Definition: A moratorium shields you from creditor actions for six months, providing breathing space to explore your financial options. • Debt Management: It's vital to note that a moratorium does not erase debt; interest and charges may still accumulate during this period. • Eligibility: To apply, you must reside in Scotland, have unsecured debts, and not be bankrupt or in another formal debt arrangement. • Application Process: While individuals can apply online, consulting an insolvency practitioner beforehand ensures it's the right step. Initial consultations are often free and informative. • Accountant in Bankruptcy: Applications are reviewed swiftly, typically within 24 hours, by the Scottish Government's Accountant in Bankruptcy. • Planning Ahead: Use the moratorium wisely by discussing long-term solutions early, especially if formal insolvency might be necessary. • Take charge of your financial future today—start the conversation with us to pave the way towards a debt-free tomorrow. • #DebtRelief #FinancialProtection #Middlebrooks #InsolvencyAdvice #ScottishLaw

#############################

New on site