IVA sequestration (bankruptcy), as previously stated, is a serious possibility. It entails handing over your assets to a trustee, making monthly payments on your obligations, and sticking to a strict budget for an extended period of time.

However, once that time period has passed, your remaining obligations will be met, and you will be able to resume your normal life. Sequestration may be an option to consider if you have a large amount of debt and no other way to repay it.

I'm sure you've figured out by now what Sequestration Scotland is. and details on how and why it is a good option to consider if you live in Scotland and want to settle your debt quickly and easily. Sequestration, on the other hand, is not the same as a trust deed in Scotland. Here at IVAOnline, we work hard to resolve all of your financial debt issues in the UK and ensure that your financial journey will be much easier than before. If you are looking for a debt management solution that is not limited to Scotland by region, you can use Stepchange.