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Register of Insolvencies

Register of Insolvencies

The register of insolvencies is a statutory register about the insolvency of individuals and businesses in Scotland.

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Frequently Asked Questions

Click on the question to view the answer:

Q 1.

Is sequestration the same as bankruptcy?

Q 2.

What are the conditions for applying for my own bankruptcy?

Q 3.

What is 'apparent insolvency'?

Q 4.

How do I recognise a Statutory Demand?

Q 5.

How do I recognise a Charge for Payment?

Q 6.

Is a wage arrestment cause for apparent insolvency?

Q 7.

What is low income/low assets (LILA)?

Q 8.

Can I apply for bankruptcy?

Q 9.

How much will it cost?

Q10.

How do I apply?

Q11.

How will I know my application is successful? (If bankrupt after 1 April 2008)

Q12.

How long will my bankruptcy last (If bankrupt before 1 April 08)

Q13.

How long will my bankruptcy last? (If bankrupt after 1 April 2008)

Q14.

Trust Deeds or Bankruptcy - What is the difference?

Q15.

What will happen to my spouse or partner's assets?

Q16.

I have received a Warrant to Cite. What is this?

Q17.

I have goods on HP. What happens to them?

Q18.

Will I lose my car?

Q19.

Will I lose my house?

Q20.

I'm self-employed. What will happen to my tools?

Q21.

Can I still operate a bank account?

Q22.

Will my employer or neighbours find out?

Q23.

What happens to my wages/benefits? (If bankrupt before 1 April 2008)

Q24.

What happens to my wages/benefits? (If bankrupt after 1 April 2008)

Q25.

How will it affect my credit rating?

Q26.

Who will be my trustee?

Q27.

Can the trustee interview me at home?

Q28.

How do I get and complete the Bankruptcy Petition? (Pre 1 April 2008 legislation)


Who can I contact if my question is not listed?

If you have a question that is not answered here, contact the AiB Helpline:

Tel: 0845 762 6171

Helpline@aib.gsi.gov.uk

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Page updated: Tuesday, March 25, 2008