Sequestration
Legal & insolvencyThe Scottish term for bankruptcy.
Overview
Sequestration is a formal insolvency process with legal restrictions.
It is recorded on your credit file and the public register.
Why it matters
- It limits access to credit for years.
- It can affect housing and employment.
- It requires professional advice.
FAQs
Is sequestration only in Scotland?
Yes. It is the Scottish equivalent of bankruptcy.
Does sequestration affect my credit score?
Yes. It is a serious negative event.
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