When individuals and certain entities (such as partnerships, trusts and other unincorporated bodies) have debts that they are unable to repay to their creditors, they may consider or be faced with bankruptcy, which is known as sequestration in Scotland. However, sequestration is just one avenue. Alternative statutory debt solutions are available, which can provide breathing space and allow debts to be repaid over time, without creditor pressure.

The ‘tools’ or solutions that individuals and entities who are subject to personal insolvency legislation should be aware of are: moratoriums, Debt Arrangement Schemes, Protected Trust Deeds, and sequestrations.

Download our toolkit below to find out more on each of these solutions.


Nicky-Ray Watson

Senior Associate

Lucy McCann