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| Alternatives To Sequestration Bankruptcy has always been a last resort for debt problems in Scotland and there may be other options available to you. Debt Management Programme An informal arrangement between you and your creditors to pay your debts over an extended period of time. more Debt Arrangement Scheme A formal arrangement between you and your creditors to pay multiple debts over an extended period of time using a Debt Payment Programme. more Trust Deed or Protected Trust Deed Similar to the Individual Voluntary Arrangement (IVA) in England and Wales, this is a voluntary agreement between you and your creditors to repay only part of what you owe over a period of time, with the remainder being written off at the end of this period. more |
Advice for those in debt What is sequestration or bankruptcy? What are the alternatives to sequestration? Is there a Scottish equivalent of an IVA? What is a Trust Deed and a Protective Trust Deed? What is a Low Income Low Assets ) LILA? How do I make myself bankrupt in Scotland? If I'm made bankrupt do I lose everything? What are the terms of a sequestration or bankruptcy order? What happens to my wages if I'm made bankrupt? Is it just a case of one year as a bankrupt then back to life as normal? What is stopping me giving everything I own away and then going bankrupt? |
Advice for those owed money Legal options to recover a debt How to make someone bankrupt in Scotland |
Bankruptcy In Scotland - Sequestration © Bankrupt.co.uk 2007-2012. All rights reserved. Please note the contents of this website are for information purposes only and do not constitute financial advice. Please seek independent professional advice before taking action that may affect your financial well-being. |