What is Sequestration?

Sequestration is another term for bankruptcy, used in Scotland and is an arrangement to deal with debts that you are unable to pay. These payments can usually last for a period of 48 months.

  • You could be discharged from your debt within 12 months, as long as you co-operate fully with your Trustee.
  • All unsecured debts are normally written off, although you may have to make contributions from your income for up to 48 months.


  • Reasonably quick process

    The process is pain-free and relatively quick.

  • Clear your debt quickly

    Can often be discharged from insolvency in 12 months.

  • debts are written off

    Debt forgiveness as all unpaid debts are written off

  • Peace of mind

    Creditors can take no further action and the bankruptcy is legally binding on all creditors.

  • maximum of 48 months.

    Payments from your income will be a maximum of 48 months.

  • Minimal Asset Process

    If your income is low and assets minimal, you may qualify for a Minimal Asset Process (MAP) bankruptcy. This means you might not be required to pay anything into your bankruptcy other than the application fee and could be discharged within 6 months.


  • Could EFFECT YOUR job

    You could be barred from certain jobs such as Insolvency Practitioner or serving as a Company Director until you are discharged.

  • watch your history

    Some creditors may ask about bankruptcy 6 years after it occurred.

  • assets could be sold

    You could be made to sell your home or car to help pay off debts.

  • credit rating

    It could damage your credit rating for up to 6 years