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Sequestration

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Advantages and Disadvantages of the Minimal Asset Process in Sequestration The AD of sequestration

Advantages and Disadvantages of the Minimal Asset Process in Sequestration

If you are struggling to repay debt because you’re on a low income and have few assets to sell, the Minimal Asset Process (MAP) may provide a way out of this worrying situation.

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How could sequestration affect my job? How Could Sequestration Affect My Job

How could sequestration affect my job?

In many cases sequestration doesn’t affect a person’s job, and you may be able to carry on working with no adverse effects on your current or future employment situation.

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Sequestration explained for Scots with personal debts Bankrupt letters blocks

Sequestration explained for Scots with personal debts

Sequestration is the Scottish term for bankruptcy, and is often seen as a last resort by those in personal debt.

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What happens after I am discharged from sequestration? Couple Reading A Letter

What happens after I am discharged from sequestration?

Sequestration typically lasts for a period of 12 months, although if you’re also paying a Debtor Contribution Order (DCO), repayments can continue for a further three years after discharge.

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I recently filed for sequestration, how am I supposed to manage without a bank account? Broken Piggy Bank

I recently filed for sequestration, how am I supposed to manage without a bank account?

Despite optimistic reports that the economic situation is improving, sequestration levels remain high in Scotland when compared with pre-recession statistics.

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What happens to my pension in sequestration? Pension problems

What happens to my pension in sequestration?

When you enter sequestration, your assets are placed in the control of a Trustee who will seek to realise as much money as possible from them in order to pay your creditors.

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The Bankruptcy Procedure in Scotland – Information for Debt-Help Seekers The law of bankrupt

The Bankruptcy Procedure in Scotland – Information for Debt-Help Seekers

The bankruptcy procedure in Scotland is also known as sequestration. Both terms mean the same thing – an inability to repay your outstanding unsecured debts now, or in a reasonable future timeframe.

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What is the impact of my wife or husband’s sequestration on me? What Is The Impact Of My Wife Or Husbands Sequestration On Me

What is the impact of my wife or husband’s sequestration on me?

The nature of sequestration means that your husband or wife’s assets are placed under the control of a trustee.

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Can I claim PPI compensation if I’m bankrupt or sequestrated? PPI compensation is it possible

Can I claim PPI compensation if I’m bankrupt or sequestrated?

Following the boom of mis-sold PPI pay-outs in recent years, this is a question that is cropping up more and more often.

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