Sequestration (or bankruptcy) in itself is not a disqualification. If your estate has been sequestrated but you have been discharged you will not be disqualified, as long as you are not also currently subject to any of the following bankruptcy disqualifications:1
your estate has been sequestrated by a court in Scotland and you have not been discharged, or
you are currently subject to a bankruptcy restrictions order or debt relief restrictions order made by a court in England, Wales or Northern Ireland