WHAT IS THE STATE OF INSOLVENCY IN SOUTH AFRICA? HOW DEBTORS GET HELP The year 2020 took its toll on consumers as proven by the sharp increase in household debt to income ratio from 72,8% (2019) to 77,1% (2020). With the 2021 lockdown regulations also not kind to the economy, the potential level of insolvency in South Africa is worrisome. The figures from the TransUnion Q1 report are indicative… Read More »INSOLVENCY IN SOUTH AFRICA
Do creditors harass you daily? Do not despair. We have insolvency lawyers that can help you to become debt free in South Africa. Read on as we explain the solution to your debt nightmare and how to stop creditors from calling. WHAT IS THE SOLUTION? Even if creditors have threatened with judgments, you can still stop them in their tracks. How? With the help of insolvency… Read More »INSOLVENCY LAWYERS THAT CAN HELP YOU BECOME DEBT-FREE
Fear of the unknown keeps you trapped in debt. Take the first step towards a debt-free life. Read on to gain a better understanding of sequestration in South Africa. WHAT IS VOLUNTARY SEQUESTRATION? It is a legal process whereby you apply to surrender your financial estate. The court awards the status of bankrupt and appoints a trustee/curator to oversee the sale of your assets. This… Read More »GET A BETTER UNDERSTANDING OF SEQUESTRATION IN SOUTH AFRICA
THE VOLUNTARY LIQUIDATION OF A COMPANY: 9 FACTS YOU SHOULD KNOW You did not start your business with the aim to close it, but now you may face mounting debts, income limits, and trade restrictions. If the situation is so dire that business rescue is not an option, you can go with the voluntary liquidation of a company option. Before you do, make sure you understand what… Read More »VOLUNTARY LIQUIDATION OF A COMPANY
Bills are not yet piling up, but you have used the maximum allowable credit on your store accounts, personal loans, and credit cards. You are one month away from not being able to pay bills. Is it time to get help with debt rehabilitation? The sooner you seek financial guidance, the quicker you can regain financial control. You may still qualify for a consolidation loan… Read More »GET HELP WITH DEBT REHABILITATION: WHICH OPTION IS BEST?
IS YOUR BUSINESS ON THE EDGE OF COLLAPSE? FIND A WAY OUT – LEARN HOW VOLUNTARY LIQUIDATION WORKS Thousands of businesses have suffered financially since the start of the lockdown back in March 2020. Although many came through the worst part of it, others were not so lucky, especially in the hospitality, liquor, and tourism industries. If your business is also hardly keeping afloat, take… Read More »VOLUNTARY LIQUIDATION
HOW TO SAVE YOUR FINANCIALLY DISTRESSED COMPANY: GET EXPERT HELP WITH BUSINESS RESCUE Lockdown has not been kind to profits. Hundreds of companies have been forced to liquidate over the past two years because of limited trading hours, limitations on movements, reduced consumer buying power, and more. Several made it through the first wave of lockdown, but due to the slowing economy struggle to stay… Read More »EXPERT HELP WITH BUSINESS RESCUE
NEED HELP FROM AN INSOLVENCY PRACTITIONER? GET RID OF DEBT AND REGAIN FINANCIAL STRENGTH Do you need help from an insolvency practitioner? Perhaps you think that by just admitting to the debt and agreeing with exuberant interests and legal fees for collection, you can keep the creditors at bay for a while until you get cash to pay off the debts. If there is a… Read More »NEED HELP FROM AN INSOLVENCY PRACTITIONER?
DO YOU KNOW THE DIFFERENCE BETWEEN DEBT REVIEW AND SEQUESTRATION? Life is not always easy. In fact, it can be an uphill battle when creditors threaten with judgments, property foreclosures, and vehicle repossession actions. What is your best option? Read on to learn the difference between debt review and sequestration. Knowing what each entails will help you to make a decision that is best for… Read More »DIFFERENCE BETWEEN DEBT REVIEW & SEQUESTRATION
9 PITFALLS OF DEBT REVIEW AND SEQUESTRATION Friends and family members do not necessarily give the right advice. What works for one person may not be the solution for another. If you are struggling to pay creditors, seek immediate legal advice to help you choose the correct solution and to avoid these nine pitfalls of debt review and sequestration. To help you get started, let us… Read More »PITFALLS OF DEBT REVIEW AND SEQUESTRATION