Sequestration Scotland Q3 2007

Would you like to talk to a trained debt counsellor about alternatives to bankruptcy? more More news Record numbers go bankrupt in England and Wales over 55s more likely to experience debt problems than younger age groups People in their early thirties have biggest debts and are most likely to miss repayments Debt firms told to drop misleading TV and radio advertising Bailiffs to get more powers but not much needed regulation Citizens Advice warns Citizens Advice Bureau reports sharp rise in debt problems Record number of people going bust - and it's set to get worse	Sequestration numbers up again in Scotland The number of people who have had sequestration orders made again them in Scotland has risen again. Sequestration is the Scottish legal equivalent of personal bankruptcy and 3,527 such orders were made against Scots in the third quarter of 2007. Of those, 1,545 were sequestered - a rise of 1.1% over the second quarter of 2007 - and will now face three years as a bankrupt and a further three years on credit blacklists. A further 1,982 Scots entered into a Protected Trust Deed, the nearest Scottish equivalent to the Individual Voluntary Arrangement south of the border. More information regarding sequestration can be found at sequestrated.co.uk November 5th, 2007

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Would you like to talk to a trained debt counsellor about alternatives to bankruptcy? more

More news

Record numbers go bankrupt in England and Wales

over 55s more likely to experience debt problems than younger age groups

People in their early thirties have biggest debts and are most likely to miss repayments

Debt firms told to drop misleading TV and radio advertising

Bailiffs to get more powers but not much needed regulation Citizens Advice warns

Citizens Advice Bureau reports sharp rise in debt problems

Record number of people going bust - and it's set to get worse

Sequestration numbers up again in Scotland

The number of people who have had sequestration orders made again them in Scotland has risen again.

Sequestration is the Scottish legal equivalent of personal bankruptcy and 3,527 such orders were made against Scots in the third quarter of 2007.

Of those, 1,545 were sequestered - a rise of 1.1% over the second quarter of 2007 - and will now face three years as a bankrupt and a further three years on credit blacklists.

A further 1,982 Scots entered into a Protected Trust Deed, the nearest Scottish equivalent to the Individual Voluntary Arrangement south of the border.

More information regarding sequestration can be found at sequestrated.co.uk

November 5th, 2007

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