Are you in financial trouble and fear that creditors will apply for judgment against you? Are you under debt review and unable to make the monthly consolidated payment? Did you know that it is possible to get rid of your debt once and for all? Want to know more? Then read on to discover why and how to apply for voluntary sequestration in South Africa.… Read More »HOW TO APPLY FOR VOLUNTARY SEQUESTRATION
People do not start businesses with the idea to fail, but unforeseen circumstances and a challenging economic environment can cause business failure. Small businesses are especially vulnerable in a highly competitive market. The question of “How long does liquidation take in South Africa?”, certainly is one that thousands of struggling business owners want answered. Although the answer is not straightforward, we will answer it in… Read More »HOW LONG DOES LIQUIDATION TAKE IN SOUTH AFRICA?
GET ANSWERS ON QUESTIONS ABOUT VOLUNTARY LIQUIDATION Is your business struggling? Do you have to deal with mounting debts, the inability to pay employees on time, and a lack of funds to order stock? Do the liabilities exceed the company’s assets? If so, consider voluntary liquidation as a solution. Every day you keep trading in the insolvent state, you add to the problem. As a… Read More »VOLUNTARY LIQUIDATION
INSOLVENCY – UNABLE TO PAY YOUR DEBT? WHAT ARE THE OPTIONS? Facing insolvency? If debt is spiralling out of control, what can you do? Apart from entering debt review or getting a debt consolidation loan, you may not have many choices. Debt review can also exacerbate the situation, especially if your spouse loses their income during your debt review period. Voluntary sequestration may not be the first… Read More »INSOLVENCY
NEED HELP WITH INSOLVENCY? GET ANSWERS FROM EXPERIENCED LAWYERS Need help with insolvency? Do creditors knock and threaten with compulsory sequestration? Do you want to take the first step towards becoming debt-free, but do not know if it is the right decision? Get answers on the less frequently asked questions surrounding insolvencies in South Africa. WHAT IS THE DIFFERENCE BETWEEN SEQUESTRATION AND ADMINISTRATION? Sequestration is… Read More »NEED HELP WITH INSOLVENCY?
EXPERIENCED INSOLVENCY PRACTITIONERS IN SOUTH AFRICA TO THE RESCUE Nothing can be scarier than having to face compulsory sequestration proceedings against you for debt. To this end, your first recourse is to seek legal help from experienced insolvency practitioners in South Africa. Also, if you find that your debt is spiralling out of control, do not wait for judgments against you or for creditors to apply for… Read More »INSOLVENCY PRACTITIONERS IN SOUTH AFRICA
SEQUESTRATION MEANING: WHAT YOU NEED TO KNOW TO BECOME DEBT-FREE If you look up “sequestration meaning” in an online dictionary, you will notice that in international law, it means the confiscation of someone’s property. As harsh as the truth may sound, giving up your assets to become debt-free might save you from years of debt and financial suffering. HOW IS IT POSSIBLE? Voluntary sequestration entails a… Read More »SEQUESTRATION MEANING
GET FINANCIAL ADVICE FROM INSOLVENCY PRACTITIONERS BEFORE YOU TAKE STEPS If you are in financial trouble, the first thing that may come to mind is to write to one or more creditors to explain the situation. Before you do so, get financial advice from insolvency practitioners. This is also true for entering into a debt counselling programme. Even before you sell off one or more assets… Read More »FINANCIAL ADVICE FROM INSOLVENCY PRACTITIONERS
WHAT IS VOLUNTARY LIQUIDATION? HOW DOES IT AFFECT A SOLVENT COMPANY? According to the information from Stats SA, a significant increase in compulsory and voluntary liquidations have been reported for the last six months of 2020. The lockdown regulations have made it difficult for businesses to pay creditors. In light of the recent ban on alcohol sales and beach closures, more businesses can be expected… Read More »WHAT IS VOLUNTARY LIQUIDATION?
GET HELP: ANSWERS ON QUESTIONS ABOUT SEQUESTRATIONS AND REHABILITATION PROCESSES We can expect to see even more applications for compulsory and voluntary sequestrations with the return to limits on operating hours, strict curfews, a ban on the sale of alcohol, limiting the number of people that can gather, and the closure of beaches, as announced recently. Thousands of people in South Africa have already lost… Read More »SEQUESTRATIONS