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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 should be considered as the last way of dealng with debt.
Is Personal Bankruptcy right for me?
Anyone can be made bankrupt (sequestrated). If you cannot meet your debt obligations when they fall due then you could consider sequestration / bankruptcy
Sequestration : Points of concern
- Sequestration reported in Edinburgh Gazette
- You may lose control of your assets
- Prohibited from acting as a director of a company
- Unlawful for you to incur credit of more than £250
- You cannot included any student loans
If your seeking debt advice for scottish residents, 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.
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