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

The Process of Financial Rehabilitation after Sequestration in South Africa  Financial rehabilitation after sequestration in South Africa is a legal process by order of the court, whereby the insolvent party’s status of “bankrupt” or “insolvent” is removed. Rehabilitation, according to the Insolvency Act of South Africa, is automatic after a period of ten years, if the insolvent party does not apply to the court before… Read More »FINANCIAL REHABILITATION

Five Important Characteristics of Debt-Free Living  Though the thought of voluntary sequestration may be scary, it is one way to break free from the debt cycle. Once debt-free, it is important to develop certain characteristics, which will eventually become part of your lifestyle, allowing you to stay free from the control that debt has over your life. Let us look at some of the important… Read More »CHARACTERISTICS OF DEBT-FREE LIVING

Five Sure-Fire Tips to Live Debt-Free  If you are currently struggling to pay your home loan, cannot keep up with vehicle finance instalments, are concerned about the interest on your credit cards, and juggle between accounts to service store accounts then it is time for a change. You can live debt-free by following the tips below. Look around the house. Many of the items bought… Read More »TIPS TO LIVE DEBT-FREE