HOW SEQUESTRATION ATTORNEYS HELP YOU COMPLY WITH IMPORTANT REQUIREMENTS You need help from experienced sequestration attorneys because the bankruptcy application is a legal process. They help determine if you qualify for voluntary sequestration, handle the court application on your behalf, and make sure the formalities are met. SEQUESTRATION MUST BE TO BENEFIT OF CREDITORS Though voluntary surrendering of your estate helps you to get rid… Read More »SEQUESTRATION ATTORNEYS

HOW SEQUESTRATION SPECIALISTS CAN HELP: STATEMENT OF AFFAIRS The statement of affairs forms an integral part of your application to surrender your estate. Seek legal guidance from sequestration specialists to make sure the statement meets the legal requirements. We discuss the statement of affairs, showing how sequestration specialists help meet the formal directives when filing for bankruptcy in South Africa. WHAT THE STATEMENT OF AFFAIRS… Read More »SEQUESTRATION SPECIALISTS

ATTORNEYS IN SOUTH AFRICA TO ASSIST WITH INSOLVENCY MATTERS: YOUR QUESTIONS Since voluntary sequestration is a judicial process, you need legal help, so make use of experienced attorneys in South Africa to assist with insolvency; do not rely on information from friends or family. Even before you take the first step towards voluntary sequestration, consult with sequestration attorneys in South Africa to assist with insolvency… Read More »ATTORNEYS IN SOUTH AFRICA TO ASSIST WITH INSOLVENCY

THINGS YOU MAY NOT HAVE KNOWN ABOUT FILING FOR BANKRUPTCY IN SOUTH AFRICA Basic information on filing for bankruptcy in South Africa is available on the Internet. But rather than relying on hearsay or generic articles, seek legal advice from experienced insolvency attorneys. Voluntary sequestration is governed by the Insolvency Act and is a legal process. You need professional legal help throughout the process. We… Read More »FILING FOR BANKRUPTCY IN SOUTH AFRICA

COST OF LIQUIDATING A COMPANY VERSUS RISK OF PERSONAL LIABILITY You don’t start a business thinking you will have to liquidate it a few months down the line but the business world is extremely competitive. Add the high costs of labour and non-paying clients and there is a risk of a business becoming insolvent. Due to misconceptions regarding the cost of liquidating a company, directors… Read More »COST OF LIQUIDATING A COMPANY

HOW TO START THE PROCESS FOR DECLARING INSOLVENCY AS AN INDIVIDUAL Declaring insolvency as an individual in South Africa is a way out if debts have piled up. But to do so, you must be able to prove that you are cashflow and asset insolvent. WHAT IS CASHFLOW INSOLVENT? You cannot pay debts when they are due. Your income is insufficient to pay living expenses… Read More »DECLARING INSOLVENCY AS AN INDIVIDUAL

ARE YOU FACING DEBT JUDGEMENTS? SEEK HELP FROM INSOLVENCY ATTORNEYS IN SOUTH AFRICA Imagine a scenario where you lose your main source of income and suddenly cannot make debt payments. Your credit card payments fall behind, and the bank retracts the overdraft facility. The amount you owe is enough to cause sleepless nights. You need professional help from insolvency attorneys in South Africa. In an… Read More »INSOLVENCY ATTORNEYS SOUTH AFRICA

TROUBLE WITH CREDITORS: WHAT ARE YOUR INSOLVENCY OPTIONS? If your liabilities exceed your assets and you are unable to pay debts when due, you are insolvent. At this stage, it is important to consider your insolvency options and how such affect your financial status. SELL YOUR ASSETS Should you have sufficient assets to sell and cover the debts, it is one of the better insolvency… Read More »INSOLVENCY OPTIONS

SEQUESTRATION ATTORNEYS: CRUCIAL FACTS EVERYONE SHOULD KNOW ABOUT REHABILITATION Sequestration rehabilitation attorneys assist clients who have been sequestrated and wish to regain control over their financial estates. To understand the significance of rehabilitation, let us consider the effects of sequestration first: Sequestration also has its downside. Because of the impact on the insolvent’s legal capacity, it should be the last resort in dealing with mountains… Read More »SEQUESTRATION REHABILITATION ATTORNEYS

HOW TO CLEAR YOUR NAME AND START FRESH: BASICS OF SEQUESTRATION REHABILITATION COSTS Sequestration provides a means to get rid of debt fast. However, the diminished legal capacity that follows can hinder your ability to enter credit agreements, rent a house, or fill a director position. Being free from the debt nightmare provides you with a fresh start. But at one or other stage, regaining… Read More »SEQUESTRATION REHABILITATION COSTS