Sequestration limit change could lead to flurry of bankruptcies in Scotland

26th September 2022 Business | #bankruptcy

The reduction of the limit for sequestration proceedings at the end of this week (30th September), could lead to a wave of smaller businesses in Scotland being made bankrupt, according to full-service legal firm Gilson Gray. The limit for pursuing sequestration will be lowered from £10,000 to £5,000. It was originally increased from £3,000 to…

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Former footballer given six-year bankruptcy restrictions

15th June 2022 Insolvency | #bankruptcy

Former professional footballer Danny Guthrie has been given 6-year bankruptcy restrictions by the Insolvency Service. Guthrie played football professionally for several English football clubs at a senior level. In May 2019, Guthrie borrowed £75,000 from a friend to help him pay his household expenses, promising to repay the loan with funds raised from selling a…

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