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What is the Purpose of a Sequestration Order?

Finance
Bankruptcy Sequestration

What is the Purpose of a Sequestration Order?


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Sequestration is a form of bankruptcy that is only available in Scotland, however it is very similar to the version of bankruptcy available in the rest of the UK. 

Sequestration is a form of insolvency designed to be used as a last resort, when a person is completely unable to repay their unsecured debt. You can enter into sequestration voluntarily or you can be forced into it by a creditor so they can receive all or part of their debt.  

 

To find out more, visit our Sequestration page. 


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