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 and if you are in receipt of certain prescribed social security benefits (e.g. Universal Credits, Child or Working Tax Credits) or you are assessed as having no surplus income then there is no application fee payable.
The Minimal Asset Process route to Sequestration has no fees at all.
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.