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Is Bankruptcy Scotland the Right Option for You? It is the process through which the Accountant in Bankruptcy or the court declares a person bankrupt. Bankruptcy is a legal process in which a person is declared bankrupt by the Accountant in Bankruptcy or the court. Sequestration, on the other hand, is the Scottish term for insolvency. When a person declares bankruptcy, the trustee takes possession of all of his assets. Furthermore, the trustee is responsible for all of the bankrupt's belongings and property. Actually, his goal is to sell your assets for as much money as possible. This money will be used to pay off the creditors' debts.. https://debtadvices.co.uk/bankruptcy-scotland/

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