Skip to content
Harrington Brooks - Helping you take control
Request help now
Search
My account
Account Login
  • Home
  • Debt Solutions
  • Debt Solutions
    • What is an IVA?
    • What is a DMP?
    • What is bankruptcy?
    • What is a DRO?
    • What is a PTD?
  • Help & Advice
  • About Us
  • Blog
  • Contact Us
  • Individual Voluntary Arrangement
  • Debt Management Plan
  • Bankruptcy
  • Debt Relief Order
  • Debt Consolidation
  • Protected Trust Deed
  • Debt Arrangement Scheme
  • Sequestration
  • Minimal Asset Process
  • Comparing Debt Solutions
Sequestration

  • What is sequestration?
  • How does sequestration work?
  • How do I qualify for sequestration?
  • Is sequestration right for me?
  • Sequestration FAQs

Home > Debt Solutions > What is sequestration?

What is sequestration?

Sequestration is the name for bankruptcy in Scotland. It’s a formal debt solution that can help you clear your unsecured debts in 12 months. Sequestration may have serious implications and therefore it is important that you consider everything before you apply.

It can help if you have a lot of debt that would otherwise take a long time to pay back. So if you owe a lot more than you’re bringing in and you don’t have many assets to sell to clear your debts, sequestration may be worth considering.

You can apply for sequestration bankruptcy yourself or your creditors can force you into sequestration. If you have a Protected Trust Deed (PTD) and you don’t keep to the terms of this, this could also lead to sequestration.

Understanding sequestration

Because sequestration is a formal insolvency, it comes with some rules for you and your creditors. It also means that there’s a lot to think about before you consider starting it. Our ‘How does sequestration work?’ page should give you a basic and clear understanding of the sequestration bankruptcy process and how to apply for it. We’ll also take you through what will happen when your sequestration is over.

Sequestration isn’t an appropriate solution for everyone – it’s only right for people in specific circumstances. For example, if a creditor applies for your sequestration bankruptcy, you’ll need to have a minimum amount of unsecured debt for them to do this. We’ll explain the qualifying criteria on our ‘How do I qualify for sequestration?’ page.

It’s really important to think carefully before starting sequestration. There are both benefits and risks to sequestration. Read more about the potential consequences on our ‘Is sequestration right for me?’ page to see how sequestration may affect you.

When you’ve been through all of these pages, you should have an understanding of what sequestration is and whether it could help with your unsecured debts. Don’t worry if there’s something you still don’t understand though. Our ‘Sequestration FAQs’ page explains some of the most commonly asked questions.

We don’t offer a sequestration bankruptcy service but if we think it is the most suitable solution for you, we’ll signpost you towards the relevant free services for this.

  • StepChange – Sequestration
  • Money Advice Service – debt advice locator
Continue to the next section How does sequestration work?

Getting free impartial advice

The Money Advice Service is an impartial service set up by the Government.
They provide free debt counselling, debt adjustment and credit information services. Visit Money Advice Service

Get help now

Call us on 0800 048 1764 or alternatively, fill in your details and one of our friendly advisors will be in touch.

  • * Required
  • This field is for validation purposes and should be left unchanged.

By submitting your details you are accepting our privacy policy

Compare Packages

Not sure which solution is best for you? No problem – we’ll help you to compare the different options available so you can get the help you need, even if this isn’t through us.

  • Do you own your own home?
  • Do you live in England, Wales, Scotland or Northern Ireland?
  • Do you owe more than £5,000?

Find out how the answers to these questions can help make up your mind by clicking the button below.

Compare packages

Additional Customer Benefits

Our customers get access to additional services to help improve their financial circumstances. These include:

TV, broadband and landline comparison

Available to everyone – even if you’re not a Harrington Brooks customer

Read more
Utility switching service

Available to everyone – even if you’re not a Harrington Brooks customer

Read more
Legal advice on associated debt issues

Only available to current active Harrington Brooks customers

Read more
Benefit and entitlement checks

Only available to current active Harrington Brooks customers

Read more

Looking for friendly help and advice?

Check out our easy-to-read articles and helpful guides if you have any questions about managing your money or if there’s something you just don’t understand about your debts.

If you’d prefer to talk to someone about your debt worries, you can give a member of our team a call on 0800 048 1764 for some impartial advice.

Free Debt Guides

Our handy guides will help you with the most common issues when you’re on a debt solution.

Money Saving Tips

If you’re on a tight budget, check out our tips to make your money work for you.

Money Management Guides

Struggling with your finances? Find out what creditors can ask for – and what they can’t.

Credit Report Advice

Find out what your credit report means for you and how to improve it.

Top articles

Woman turned down for credit

Turned down for credit: What you can do

Read more
February 6th 2018 by Emily Bancroft
Man with completed IVA

My IVA is over – what will happen?

Read more
May 4th 2017 by Emily Bancroft
Bailiff knocking on door

What’s the difference between a bailiff and a debt collector?

Read more
September 14th 2011 by News Team
Woman on annual review call

What is your financial review?

Read more
April 21st 2017 by Emily Bancroft
View more

Signposting to services

If you're struggling with debt, you might also benefit from access to additional support services. Our signposting to services page provides details of relevant charities and other organisations that could help you.

Legal
  • Privacy Policy
  • Website T&C
  • Terms of Business
  • Complaints
Company
  • Jobs
  • Sitemap
YouTube Facebook Twitter linkedin

Calls are recorded for training and quality purposes. Calls to 0161 numbers from mobiles and landlines are charged at local rate. Please check with your network provider for details on your call package.

HB Financial Solutions Ltd, trading as Harrington Brooks is now Gregory Pennington Limited.

Your payments into a Debt Management Plan are protected and compensation could be available from the FSCS if there are any shortfalls in funds held on a customer’s behalf.

Gregory Pennington Limited (c) 2018. Registered office: Think Park, Mosley Road, Trafford Park, Manchester M17 1FQ. Registered in England and Wales. Co Reg No. 2855061 Authorised and regulated by the Financial Conduct Authority for its consumer credit and insurance and mortgage mediation activities. Regulated by the Claims Management Regulator in respect of regulated claims management activities.

One Advice Ltd, trading as Harrington Brooks IVA is now Freeman Jones Ltd, trading as Harrington Brooks.

Freeman Jones Registered office: Think Park, Mosley Road, Trafford Park, Manchester M17 1FQ. Co Reg No 4348410. Registered in England and Wales. Regulated by the Claims Management Regulator in respect of regulated claims management activities. Freeman Jones Limited is an appointed representative of Gregory Pennington Limited for its credit broking and insurance and mortgage mediation activities, which is authorised and regulated by the Financial Conduct Authority.

This website uses cookies, in continuing to use it you are accepting our Privacy Policy.

This site uses cookies: Find out more.