Sequestration Process Sequestration Process

Scotland

1. 5Debtor applications
2. 6Sequestration where debtor has few assets (“Minimal Asset Process”): prescribed payments
3. 7Debt advice and information package
4. 8Application of the 1985 Act to limited partnerships
5. 9Apparent Insolvency/Creditor Debt Threshold
6. 10Claims in foreign currency
7. 11Conversion of foreign currency claims
8. 12Trustee resignation application
9. 13Abandonment of heritable property by trustee
10. 14Debtor contribution orders
11. 15Notice by trustee of proceedings to obtain authority in relation to debtor’s family home
12. 16Debtor’s requirement to give account of state of affairs
13. 17Financial education
14. 18Interest on claims in sequestration
15. 19Certificate of deferral
16. 20Premium of bond of caution
17. 21Preference for remuneration of employees, etc.
18. Moratorium on diligence
19. Revocations and sequestration before 1st April 2015