There is a charge of £150 to go through the full administration Sequestration process in Scotland. You might be able to pay this in instalments. The Minimal Asset Process route to Sequestration has a reduced fee of £50. If you are in receipt of certain prescribed social security benefits then there is no application fee payable.
A Trustee’s fees and costs are met from the funds received into the bankruptcy through the realisation of assets and your monthly income contribution; there are no payments due by you over and above the agreed contributions from your income and/or assets.
For further information on all formal debt solutions fees in Scotland, you can call us on 0141 221 0999.