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Disadvantages of a Scottish Sequestration (Bankruptcy)


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All debt relief solutions have their pros and cons. Below are some possible disadvantages of sequestration. Our specialist debt-help team can help you understand more about the process and whether it’s right for you, particularly when compared to other common Statutory Debt Help solutions such as DAS and trust deeds.

1. Your credit rating will be affected. This normally lasts for six years. However it may be that you already have a poor credit rating if you are considering sequestration.

2. Depending on the line of work you are in, your employment contract may not permit you to continue in your job or position if you have been sequestrated For example, some employees in the public or finance sector can have clauses in their contracts regarding insolvency.

3. You cannot be a Director or involved in the management or day to day running of a limited company if you are sequestrated.

4. Some people find the social ‘stigma’ of being bankrupt hard to come to terms with and struggle telling people close to them due to embarrassment.

5. Your details will be recorded in the Register of Insolvencies

6. You cannot obtain creditor of more than £2000 without declaring you are an undischarged bankrupt


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