Fees apply. May not be suitable in all circumstances. Your credit rating may be affected.
MoneyHelper is a free independent service available to customers offering debt counselling, debt adjusting and providing of credit information services.
Reviewed 27th November 2025
Chris had his own business. Everything went fine for a while, but the recession hit hard. Utility bills built up and he wasn’t bringing in enough money. He also had his wife and daughter to support and rent to pay, but he was trying to keep his home life as normal as possible. Not wanting to worry his wife, he didn’t share his problems. He still took them out at weekends.
“It was really quite bad. And from there it just snowballed. It got a bit - a lot - unmanageable,” he says.
Chris found SDS online and requested a call back. “My mobile phone had been shut down,” he laughs, “so I went online, typed in my details and they gave me a call back really quickly, which was great.”
“SDS did everything I was really hoping they would do. I had spent so long trying to deal with the problem myself it had actually driven quite a big stake between me and my wife… But they understood that. They said it was a common thing with people in financial difficulty. They just talked me through it step by step. They were really helpful. It was like talking to a normal person!”
We recommended Chris apply for Sequestration.
Complete our easy to use Debt Calculator
Your advisor will discuss your options and recommend right course of action
Choose the option which is right for you based on your personal circumstances
Get a rough indication of what your monthly repayments might be under each of our different debt solutions.
FAQs on Sequestration

When you’re struggling to repay unsecured debt and see no way out of a dire financial situation, personal bankruptcy can seem like the only option.

Sequestration is Scotland's form of bankruptcy, designed for people who cannot repay their debts. If you're considering sequestration, one of the most important things to know is which debts will be i...

In sequestration (the term for bankruptcy in Scotland), whether you lose your home depends on whether it's an asset and if you have equity in it
We'll give you a call
Our Scottish based team can help advise you on your debt problems.
Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority
We have FCA authorisation for advice relating to Debt Arrangement Schemes and we are regulated by the ICAS and IPA when giving advice as an insolvency practitioner leading to our appointment in formal insolvency proceedings
Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.
