Debt Advice Scotland provides sequestration services to clients throughout the Cumbernauld area.
What is sequestration?
Sequestration was introduced in 2010 and is only available in Scotland. Previous to sequestration, you had to wait for creditors to make you bankrupt. Many creditors decided that the debt amounts were simply not worth recovering, meaning many people could only watch as accruing interest made their debt bigger and bigger.
The Certificate of Sequestration was introduced, meaning that debtors could take control of their finances and debts.
If you would like to discuss sequestration, contact Debt Advice Scotland today.