Glossary of Scottish insolvency terms

Glossary of Scottish insolvency terms

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September 4, 2025

Infeft proprietors? Sederunt books? Retrocession?

What do certain Scottish insolvency and insolvency-related legal terms mean, and what are their equivalents in England & Wales?

Our glossary of Scottish insolvency terms provides definitions for some of the most common Scottish terms, along with their England & Wales equivalent. Hopefully you will find it useful.

If you would like more information or advice about any of the terms included in our list or other Scottish insolvency terms and how they are applied, please get in touch.

Scottish Corporate Insolvency Conversion Course

If most of your appointments are oustide Scotland, are you fully up to speed with the Scottish Rules and the legal differences in Scotland, for when a Scottish appointment hits your desk. Our Scottish Corporate Insolvency Conversion Course sets out the key distinctions between Scottish and English corporate insolvency processes. We look at differences in legal process, legal terminology, and the wider Scottish legal landscape, as well as the remuneration approval process and how to get paid in a Scottish appointment.

As always, please get in touch if you would like more information.

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