What is sequestration in Scotland?
Where a link is marked *, it is a partner link — we receive commission at no extra cost to you. Links without a * earn us nothing. How we make money.
In short: Scotland's form of bankruptcy — a trustee (usually Accountant in Bankruptcy) takes control of your assets to pay creditors. MAP sequestration suits low-income households with few assets; full administration requires debts of at least £5,000.
Last reviewed:
Reviewed by Kaiser Khan
Application fees are £90 (MAP) or £150 (full administration) to Accountant in Bankruptcy.
Discharge is typically after 12 months — income payment agreements may continue longer.
See sequestration Scotland guide.
Primary source: aib.gov.uk
Part of our Banking & current accounts
This quick answer sits inside our wider banking & current accounts hub — with sub-guides, calculators and step-by-step explainers on the same topic.
Read the full banking & current accounts guide →