HOW DOES VOLUNTARY SEQUESTRATION WORK IN TERMS OF ASSETS? We briefly discuss how voluntary sequestration works in terms of various assets, helping you to make an informed decision regarding your financial future. How does voluntary sequestration work in terms of immovable property? Immovable property is included in the surrendered estate. It is valued and sold on auction by a court-appointed curator. You will have sufficient… Read More »HOW DOES VOLUNTARY SEQUESTRATION WORK

FINDING DEBT SOLUTIONS FOR YOU Are you struggling to pay your creditors? Do you dread answering the phone because it can be an attorney or creditor demanding payment? Looking for debt solutions for you? If you have substantial debt and are unable to pay the creditors, you will need a long-term solution. A debt consolidation loan can only work if it is sufficient to cover… Read More »DEBT SOLUTIONS FOR YOU

WHAT IS VOLUNTARY SEQUESTRATION? YOUR QUESTIONS ANSWERED If you have any questions or doubts about voluntary sequestration, we briefly answer some of your questions regarding insolvency and related debt issues below. WHAT IS VOLUNTARY SEQUESTRATION? It is a legal process whereby you apply to court to be officially declared bankrupt. WHAT ARE THE REQUIREMENTS FOR VOLUNTARY SEQUESTRATION? WHAT IS VOLUNTARY SEQUESTRATION WITHOUT IMMOVABLE PROPERTY? It… Read More »WHAT IS VOLUNTARY SEQUESTRATION?

AVOID DEBT MANAGEMENT MISTAKES BY MAKING USE OF OUR INSOLVENCY LAWYER SERVICES Rather than trying to negotiate with creditors for lower instalments or committing an act of insolvency without knowing it, make use of our insolvency lawyer services. It is certainly better to be in the control seat by applying for voluntary sequestration rather than being forced to sequestrate because you make a mistake in… Read More »INSOLVENCY LAWYER SERVICES

HOW DOES DEBT RESCUE WORK IN TERMS OF A BUSINESS? The phrase, debt rescue, has become so widely used in South Africa that it is almost obscure in meaning. Some use the words debt rescue when they refer to business rescue, whilst others use such to refer to debt review. Yet, others use it to refer to voluntary sequestration. For the purpose of this article,… Read More »HOW DOES DEBT RESCUE WORK

WHEN IS IT TIME FOR A BUSINESS TO ENTER THE DEBT RESCUE PROCESS? Many businesses hit a roadblock or some type of hindrance, and because of it, face cash-flow problems. These businesses practically become financially distressed, unable to pay creditors and salaries. If they continue on the path, these companies are likely to become insolvent within six months. In such instances, the directors or any… Read More »DEBT RESCUE PROCESS

WHAT YOU NEED TO KNOW ABOUT THE VOLUNTARY SEQUESTRATION PROCESS IN SOUTH AFRICA The voluntary sequestration process in South Africa enables a natural person to become debt free in a relatively short period. Instead of having to pay excessive interest on debt, high administration costs, and the debt over many years after an arrangement with debt collectors, you can become debt free within months. HOW… Read More »SEQUESTRATION PROCESS IN SOUTH AFRICA

IS SEQUESTRATION A GOOD IDEA IF YOU HAVE PROPERTY AND WANT TO BECOME DEBT FREE? You may have heard people ask whether sequestration is a good idea before, and may have read people’s comments on social media about the process. However, you need to look at the facts rather than listen to hearsay. We thus briefly answer the question of “Is sequestration a good idea?”… Read More »IS SEQUESTRATION A GOOD IDEA?

WHAT IS AN ACT OF INSOLVENCY? HOW DOES IT AFFECT YOUR FINANCIAL STATUS? If you are in financial trouble, it is essential to seek an answer on the question of “what is an act of insolvency?” Failure to understand what is seen as an act of insolvency can cause you to commit such an act without even realising it, giving a creditor the right to… Read More »WHAT IS AN ACT OF INSOLVENCY?

WHAT CAUSES INSOLVENCY? AVOID THESE COMMON BUSINESS MANAGEMENT MISTAKES What causes insolvency? It is a more complex question than meets the eye. In South Africa, a business is insolvent when its liabilities exceed its assets and the business is unable to service its debts. According to law, a business must seize trading if it is insolvent, as to protect creditors. However, understanding what causes insolvency… Read More »WHAT CAUSES INSOLVENCY?