Help to understand both the similarities and differences between Trust Deeds vs Sequestration in Scotland.
Trust Deeds and Sequestration are two formal debt solutions in Scotland, alongside Debt Arrangement Scheme.
Sequestration is the Scottish equivalent of Bankruptcy whereas Trust Deeds are similar to an IVA.
When considering Trust Deeds vs Sequestration, there are some factors to consider and there are two types of Sequestration; Full Administration Bankruptcy and Minimal Asset Process Bankruptcy.