Sequestration - Scotland only

Sequestration could be right for you if:

What solutions are available?
£2,000
Agree to the privacy policy
phone icon Complete the form and our friendly advisor will call you back to discuss the best way forward.
Please remember, this is just an information toolWe would always recommend you speak to a debt advisor – they can talk you through your options and help you decide which is the most appropriate way to resolve your debt problems

How Scottish Bankruptcy works

To apply for bankruptcy, you'll have to pay a £200 application fee (£90 for MAP) to the Accountant in Bankruptcy (AiB) and fill in the relevant forms. We can talk you through this process and explain everything else you'll need to do.

During sequestration, a trustee is appointed to administer the process. The trustee will look at your circumstances to decide what, if anything, you can afford to pay towards your debt. Your lenders will deal only with the trustee in relation to your debt.

If you have any money left over after you’ve paid all your essential living costs, you will be expected to make affordable repayments towards your debt for four years. And any property you own (including your home if you have equity in it) may be sold and used to pay back what you owe - although you can keep certain “essential” items like household goods or tools for work.

When you are discharged from sequestration, your outstanding unsecured debt is written off.

What will happen during sequestration?

Sequestration could help deal with debt you just can’t afford, but there are other consequences too.

Want to know if sequestration is the right solution for you?

Deciding to go through sequestration is a serious decision and we’re here to help give you professional advice.

Talk to us, there are lots of different ways in which we can help and we’ll always make sure we’ve considered all the options before you sign up to anything. If sequestration is right for you, we’ll support you every step of the way.

Need expert help with your debts? Complete our form to request a callbackRequest a callback
  • 0161 669 8925
  • 0161 669 8925

Top of page

About us

We've been helping people get out of debt for almost 20 years. Read more about what we do and the charities we support.

Read more
Fees & key info

Read more about the fees involved with each of the solutions we provide.

Download the Insolvency Service guide to dealing with creditors.

Read here for information about our Complaints Procedure and referring a complaint to the Financial Ombudsman Service.

Sequestration is offered subject to eligibility and acceptance, alternative solutions may be offered. Fees may be payable if continuing services are provided
Customers' stories
Mr M.D.Somerset

"Everyone I've dealt with has been practical, helpful, calm, non-judgemental and efficient. I'd recommend this service to anyone."

Ms C.I.London

"They took all the worries of dealing with phone calls and letters away from me and kept me informed of what was going where."

Mrs K.H.Norfolk

"From start to finish I felt as though I mattered. My case was dealt with care. I would definitely recommend your services."

Read more
Our awards

Every month we help 1000s of people to get out of debt. We are proud of the service we provide and of the awards we've received.

Read more