To qualify for Minimal Asset Process, your debts would be more than £1,500 but less than £17,000. In order to apply instead for Sequestration, your debts total more than £3,000.
It will cost you £200 to apply for Sequestration via the full administration route or £90 if applying via the Minimal Asset Process route.
There are no waivers or exemptions for this fee and it is non-refundable. Payment can be made by cash, cheque, debit card, or postal order. There is also an option to pay online.
Find out more about the advantages and disadvantages of Sequestration.