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I am a solicitor in Scotland. Thanks for your question. There are three options open to you. The first is to try to continue to service your debts without any intervention. The second is to sign a trust deed with the insolvency practitioner and enter into a debt arrangement. That, if a majority of creditors don’t object, would protect you from individual enforcement of debt. That would include the writ you have been served with. The third option is to declare bankruptcy which would eventually discharge all of your debts. If you own a house or other assets you should be very careful about declaring bankruptcy. The insolvency practitioner will advise you of the best option for your own circumstances. I hope that helps. Please leave a positive rating so that JustAnswer credits me for helping you today. .
Once it becomes protected, yes. It is intimated to all creditors and would generally become protected thereafter.