How do I become bankrupt in Scotland?

How Do I Become Bankrupt in Scotland?
In Scotland, bankruptcy is called sequestration. Here's what you need to know:
📌 Creditor Petition: Creditors owed £10,000+ can petition the court to make you bankrupt. You’ll be notified and can make representations before the sheriff decides.
📌 Self-Sequestration: Individuals can apply for bankruptcy through the Accountant in Bankruptcy, often with the help of an insolvency practitioner.
📌 Choosing a Trustee: Self-sequestration allows you to choose your trustee and discuss crucial matters like home equity and monthly contributions.
Whether facing creditor petition or considering self-sequestration, we can guide you through the process.
Contact us for a free, confidential discussion.
#Bankruptcy #Sequestration #DebtRelief #Insolvency #Scotland

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