Sequestration is another legal term for personal bankruptcy in Scotland.

Sequestration involves the transfer of your assets and property into the hands of a Trustee for the benefit of the lenders.

Sequestration is initiated by a petition to the Sheriff's Court, after which a Trustee would be appointed by the court to your case. The appointed Trustee is accountable for the transfer (sale) of your assets (house, valuable items, car, investments and savings etc) for the benefit of your creditors.

Many of our customers have found that a Scottish Trust Deed can prevent Sequestration happening to them. As a Trust Deed provides much of the relief offered by Bankruptcy but without the severe constraints it imposes, it is more likely that a Trust Deed will be the most effective solution to severe debt problems.

Advantages of a Trust Deed

• Dramatically cut your monthly outgoings with one affordable payment
  
• Creditors will be unable to add interest and charges to your debt
  
• A Trust Deed is more flexible than bankruptcy


• You make just one payment per month from your disposable (surplus) income


• You could be totally debt free in 3 years