Sequestrated Sequestration Bankruptcy Scotland

What is a statutory demand?

A Statutory Demand is a legal document with the words Statutory Demand at the top.



It will normally be delivered by a Messenger at Arms (an officer of the Scottish Court of Session) or a Sheriff Officer

It gives notice that a creditor may make you bankrupt if you do not pay what you owe them.

A Statutory Demand expires after 21 days. If you do not pay within this period, the Statutory Demand can be used in a court to demonstrate that you are apparently insolvent and therefore a candidate for bankruptcy.

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


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