INSOLVENCY LAWYERS TO ASSIST WITH REHABILITATION AFTER SEQUESTRATION IN SOUTH AFRICA Rehabilitation is a legal process whereby you apply to the High Court of South Africa to be relieved from your insolvent status. The effect is that you will regain the legal status you had before the sequestration. Your credit record will show that you have been rehabilitated and are no longer under sequestration. Unless… Read More »INSOLVENCY LAWYERS
ISSUES REGARDING LIQUIDATION OF YOUR BUSINESS If a creditor wants to bring an application for liquidation of your company, the creditor must be able to prove that it would be fair and just to liquidate your company. The creditor must prove that your company is insolvent and thus unable to pay its debts. If you want to bring a voluntary application for liquidation of your… Read More »LIQUIDATION
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