PART 2Sequestration process

“Minimal Asset Process” debtors to whom section 2(2) of Act applies: total assets14.

The amount of £2,000 is prescribed for the purposes of paragraph 2(5)(a) of schedule 1 of the Act (total value of debtor's assets after date of debtor application for AiB duty to consider whether paragraph 1 of that schedule should cease to have effect).