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Simply put, earnings arrestments require your employer to deduct money from your salary to pay back your debts.
The COVID-19 outbreak has caused significant disruption. The government, regulators and other organisations have launched several initiatives aimed at helping individuals financially through this difficult and challenging time. While these measures have covered many bases and will provide temporary relief to numerous individuals, they do not currently extend to existing wage arrestments.
If you are struggling due to an existing wage arrestment contact KPMG today for free, confidential advice. Our friendly advisers will help you decide upon the best course of action for you, and will let you know how the wage arrestment could be lifted.
When you contact KPMG, our experienced advisers will ask some simple questions to better understand your circumstances, and will let you know the options available to you.
If appropriate, our advisers may advise that you are eligible for a Protected Trust Deed, the Debt Arrangement Scheme, or Sequestration (bankruptcy in Scotland). All of these debt solutions are backed by the Scottish government and give legal protection against creditors taking action to recover the debt owed to them. When a formal debt solution is approved, any existing wage arrestments will be removed.
Over the last 20 years, KPMG has successfully helped more than 20,000 people get back on track with their finances. To find out if you could be next, give us a call today on 0141 300 5656, or book a callback below.