Sequestration
The term sequestration, means the removing, separating or seizing of anything from the possession of its owner. In law it is generally referred to as the taking possession of property under process of law for the benefit of creditors or the state.
In law, the term ‚sequestration‚ has many applications; thus it is applied to the act of a belligerent power which seizes the debts due from its own subject to the enemy power; to a writ directed to persons, sequestrators, to enter on the property of the defendant and seize the goods; to the action of taking profits of a benefice to satisfy the creditors of the incumbent.
In the Scottish law of bankruptcy the term ‚sequestration, is used to describe the taking of the bankrupt estate by order of the court for the benefit of the creditors.
For more information see the Sequestration Video Clip Series.