What is Sequestration?
Sequestration is the Scottish equivalent of bankruptcy. There are however some differences.
- With Sequestration you cannot act as a company director for 3 years instead of 12 months.
- To be sequestrated by a creditor, debts must exceed £1500 instead of £750.
Sequestration Advice
Do you still think Sequestration is the right solution for you? Why not call us today for Sequestration advice on 0800 121 48 63. It is important that you receive the best Sequestration Advice before you reach your own personal decision. Sometimes Sequestration is the only option when an individual is unable to pay overwhelming debts. However, when faced with potential Sequestration it as always advised to first consider alternatives such as Debt Management or a Scottish trust Deed.
