HOW TO START WITH THE VOLUNTARY LIQUIDATION APPLICATION PROCESS The liquidation application process, unlike with the sequestration application process, does not require a business to have cash or assets sufficient to ensure that the sale thereof can provide for the minimum benefit to creditors and pay for the liquidation process. This is so because, according to the regulations of the Companies Act and the Trust… Read More »LIQUIDATION APPLICATION PROCESS
LIQUIDATION AS ONE OF THE DEBT SOLUTIONS THAT WORK FOR A COMPANY If your business is in trouble, it is essential to take proactive steps in seeking debt solutions that work. Business rescue is one such a debt solution that can work very well. However, if it is not a viable way to save the business, it is time to apply for voluntary liquidation. Perhaps you have… Read More »DEBT SOLUTIONS THAT WORK
BASICS REGARDING THE VOLUNTARY LIQUIDATION OF A COMPANY Unlike with the sequestration of an individual, with the voluntary liquidation of a company, the business does not require cash or assets that are sufficient to ensure sale thereof will be enough to provide for minimum benefit to creditors. If the liabilities of the company exceed the business assets, the business is insolvent and according to the… Read More »LIQUIDATION OF A COMPANY
VOLUNTARY SEQUESTRATION AS ONE OF THE OVERLOOKED DEBT SOLUTIONS IN SOUTH AFRICA Misconceptions about debt solutions in South Africa keep many consumers in tremendous debt. For one, if a debtor signs admission of debt and an agreement to pay off the debt with a debt collecting attorney, that debtor can stay in this dire financial situation for an exceptionally long time. The same holds true… Read More »DEBT SOLUTIONS IN SOUTH AFRICA
DEALING WITH ISSUES ON HOW TO SEQUESTRATE YOURSELF If you are unable to pay your debts, and you have substantial debts, you might want to find out how to sequestrate yourself in South Africa. The good news is that you do not have to wait for creditors to bring a compulsory sequestration application against you. Indeed, if you know how to sequestrate yourself, it is… Read More »HOW TO SEQUESTRATE YOURSELF
HOW DOES SEQUESTRATION WORK IN SOUTH AFRICA? If you have recently been divorced, and ended up with all the debt, you may now struggle to make ends meet, not to mention having difficulty in paying the debt, which, in the past, was serviced from both partners in the marriage. Perhaps, you have lost your job or had to close your business, and now struggle to… Read More »HOW DOES SEQUESTRATION WORK
THE BASICS OF HOW TO FILE FOR BANKRUPTCY IN SOUTH AFRICA Below, we briefly look at some of the terms and issues regarding sequestration, and how to file for bankruptcy in South Africa, helping you to make an informed decision on how to deal with your debt problems. BASIC STEPS ON HOW TO FILE FOR BANKRUPTCY IN SOUTH AFRICA The first step is to determine… Read More »HOW TO FILE FOR BANKRUPTCY IN SOUTH AFRICA
LEARN HOW TO APPLY FOR INSOLVENCY IN SOUTH AFRICA Congratulations! If you have come to this page, you have already taken the first step towards managing your debt and becoming completely debt free. You most probably want to know how to apply for insolvency in South Africa, and as such, we briefly explain the initial steps below. According to the Insolvency Act of South Africa,… Read More »HOW TO APPLY FOR INSOLVENCY IN SOUTH AFRICA
HOW DOES VOLUNTARY SEQUESTRATION HELP TO GET RID OF DEBT IN SOUTH AFRICA? Realising that you have a debt problem is the first step towards financial freedom. The next step is to consider your options. Voluntary sequestration is suitable if you have considerable debt, are unable to pay the debt without causing more debt, or have to juggle between accounts to do so. You must… Read More »VOLUNTARY SEQUESTRATION
LIQUIDATION AS ONE OF THE DEBT SOLUTIONS FOR SMALL BUSINESSES In a time when political uncertainty causes investor panic, small businesses are often the first to suffer. South Africa is once again in a time of political and economic confusion. With investor confidence low, small businesses in building, construction, and property industries may experience a decrease in their business activities. Perhaps, your business falls in… Read More »DEBT SOLUTIONS FOR SMALL BUSINESSES