Sequestration is the Scottish equivalent to bankruptcy.
It’s a formal debt solution and legal process designed to help people that are unable to repay their debt in a reasonable time.
People who enter Sequestration are typically cleared of the debts included after 12 months.
As Sequestration is a form of personal bankruptcy there are important factors to consider. You may lose your home, car or other valuables and your credit score will be negatively affected, so it’s important that Sequestration is only considered as a last resort.
Find out more about Sequestration in this hub.
We're working on new Sequestration guides. In the meantime, explore the Knowledge Hub for more debt advice.
Topic hub
Protected Trust Deeds
People struggling with unsecured debt in Scotland may consider a Protected Trust Deed to manage what they owe.
Topic hub
Minimal Asset Process (MAP)
People living in Scotland with low income and minimal assets may consider the Minimal Asset Process when looking for a debt solution.
Considering Sequestration?
Our advisors will explain the pros and cons of each option, including any risks, costs, and impact on your credit file, so you can choose the solution that’s right for you.
