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

TIPS TO GET OUT OF DEBT THAT CAN HELP YOU BECOME FINANCIALLY INDEPENDENT If you carefully budget every month and still find that you are not able to pay off, or even service your debts, chances are that there are more ways you can save money. If you came here in the hopes of finding miracle tips to get out of debt, you will be… Read More »TIPS TO GET OUT OF DEBT

ANSWERS ON HOW TO GET RID OF DEBT WITH VOLUNTARY SEQUESTRATION IN GAUTENG We briefly answer some of the questions you may want to ask insolvency practitioners in Gauteng, helping you to gain insight into the sequestration process and how it affects your finances. What is the procedure for voluntary sequestration in Gauteng? Once we have determined that you are insolvent and qualify for voluntary… Read More »INSOLVENCY PRACTITIONERS IN GAUTENG

SHOULD YOU APPLY FOR VOLUNTARY SEQUESTRATION? As our South African insolvency lawyers will explain to you, there are advantages and disadvantages to each type of debt solution. When it comes to voluntary sequestrations, it is extremely important that you understand how sequestration can help you and how it will affect your financial status. It is also important to understand the differences between the debt solutions… Read More »SOUTH AFRICAN INSOLVENCY LAWYERS

Requirements for Rehabilitation after Bankruptcy in South Africa  Rehabilitation after bankruptcy in South Africa is automatic after a period of ten years has lapsed. However, it is possible to be financially rehabilitated sooner if the insolvent party submits an application to this effect to the High Court. In essence, rehabilitation after bankruptcy in South Africa is a legal process whereby the insolvent party is relieved… Read More »REHABILITATION AFTER BANKRUPTCY IN SOUTH AFRICA

Debt Rehabilitation Help to End Sequestration in South Africa  If you have been sequestrated, you will know that, while under sequestration, you cannot be a director of a company, cannot apply for a liquor license, must disclose your sequestration status, and get permission from the curator or trustee before you enter into a credit agreement. In effect, your financial affairs in the surrendered estate are… Read More »DEBT REHABILITATION HELP