VOLUNTARY SEQUESTRATION AS ONE OF THE BEST DEBT REHABILITATION SOLUTIONS If you are looking for debt rehabilitation solutions, consider voluntary sequestration. Once your intention to sequestrate has been published in the required publications, you are protected against further legal actions from creditors. We briefly discuss various aspects of voluntary sequestration as one of the debt rehabilitation solutions available in South Africa, to help you make… Read More »DEBT REHABILITATION SOLUTIONS

WHEN TO LIQUIDATE YOUR COMPANY IN SOUTH AFRICA Liquidation may not necessarily be your first choice when it comes to dealing with business debt, but it may be the only viable option left if the creditors are not willing to enter into a compromise agreement. However, it is best to work with experienced insolvency practitioners, should you decide on liquidation. If your business is in… Read More »EXPERIENCED INSOLVENCY PRACTITIONERS

HOW SURRENDERING OF ESTATE WITH AND WITHOUT PROPERTY WORKS For the surrendering of estate with the purpose of being declared bankrupt, you need to prove that you are indeed insolvent. To satisfy the court, you need to show that your liabilities far exceed your assets and that you are unable to pay back creditors. If you meet the requirements, the court will allow the surrendering… Read More »SURRENDERING OF ESTATE

HOW WE CAN HELP YOU TO BECOME DEBT-FREE THROUGH VOLUNTARY SEQUESTRATION You do not have to go through life as a slave to debt. Though a consolidation loan may seem like the solution, if you are not able to cover the complete debt with such a loan, it will only create more problems and it will not be long before the interest on the loan… Read More »WE CAN HELP YOU TO BECOME DEBT-FREE

IS SEQUESTRATION AN EFFECTIVE DEBT SOLUTION IN SOUTH AFRICA? Below, we answer some of the frequently asked questions about voluntary sequestration as an effective debt solution to help you make an informed decision, and to dispel some of the myths surrounding voluntary sequestration in South Africa. I do not want to lose my computer, as I need it for work, so how can I prevent… Read More »EFFECTIVE DEBT SOLUTION

WHAT IS THE DIFFERENCE BETWEEN DEBT REVIEW AND SEQUESTRATION IN SOUTH AFRICA? If the bank threatens to foreclose on your property or to repossess your vehicles, it is time to take drastic steps. You must do so before judgments are obtained against you. The question is which option is better for you, debt review or sequestration? There is no straightforward answer, as there is no… Read More »SEQUESTRATION

STEPS TO APPLY FOR SEQUESTRATION IN SOUTH AFRICA Below is a summary of the steps to take to apply for sequestration in South Africa. However, let us first look at what sequestration is. Voluntary sequestration is a legal process whereby you as individual apply to court to be declared bankrupt. Your estate is surrendered to the court and a curator is appointed to manage the… Read More »APPLY FOR SEQUESTRATION

WHEN AND WHY TO VOLUNTARY SEQUESTRATE IN SOUTH AFRICA Before you even consider surrendering of your estate, speak to sequestration experts in South Africa regarding the process, risks involved, potential pitfalls, advantages, and rehabilitation. To get you started, we share the basic information, but for more in-depth information, we recommend speaking to our team of sequestration experts in South Africa. What It Entails Voluntary sequestration… Read More »SEQUESTRATION EXPERTS IN SOUTH AFRICA

TIPS FOR PROTECTING PERSONAL ASSETS WHEN YOUR BUSINESS FACES LIQUIDATION You do not start a business with the notion that it will fail in a few months or years. However, thousands of businesses fail every year. Creditors liquidate many, whilst the owners liquidate others. That being said, liquidation is foreseeable and business savvy people take precautions to avoid being sequestrated when their business is liquidated.… Read More »SEQUESTRATIONS

HOW DOES VOLUNTARY SEQUESTRATION AFFECT YOUR SPOUSE?  Voluntary sequestration is a legal process whereby you apply to court to have you officially declared bankrupt. The court appoints a trustee/curator of the estate and your assets are valuated. The curator then oversees the sale of assets on auction and distributes the income from the sale among the creditors. Legally, you stay sequestrated until you have been… Read More »VOLUNTARY SEQUESTRATION