Talk to someone about Bankruptcy?
Fill in the form now and we can quickly assess your financial circumstances and whether a trust deed will suit.
 |
 |
 |
|---|
Sequestration: What's the deal?
Providing Debt Advice in Scotland
- All debts written off
- No more creditor harassment
What is Sequestration?
Sequestration is the Scottish legal term for personal bankruptcy. It is one way of dealing with debts you cannot pay. This method is often seen as alast resort. It usually lasts for one year after which your remaining debts are written off.
Is Personal Bankruptcy right for me?
Whether bankruptcy is right for you will depend on your personal circumstances including the amount of debt you owe.
Sequestration : Points of concern
- Sequestration reported in Edinburgh Gazette
- You may lose your home
- You may be prohibited from acting as a director of a company
- Unlawful for you to incur credit of more than £500
- You cannot included any student loans
If you're seeking debt advice, talk to one of our licensed insolvency practitioner's now.
Or have a read of our bankruptcy FAQ.
Scottish Debt Direct provides other debt solutions apart from bankruptcy. Speak to our advisers to find out which debt solution best fits your financial circumstances.
| Debt Help in Scotland | |
|---|---|
 |
· FAQ |