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
ARE YOU LOOKING FOR DEBT SOLUTIONS IN SOUTH AFRICA? Voluntary sequestration is not always first on your mind when thinking of workable debt solutions in South Africa. You may think that opting for a debt consolidation loan may be a better option at first. However, consider how easy it is to get further into debt with such a loan. All your other debts, such as… Read More »DEBT SOLUTIONS IN SOUTH AFRICA
AVOID THESE MISTAKES WHEN DEALING WITH CREDITORS IN SOUTH AFRICA According to the regulations of the Insolvency Act of South Africa, there are eight instances where the actions of the debtor show that the debtor is insolvent, giving the creditor the right to apply for compulsory sequestration of the debtor. Be careful about your interactions with creditors. If you are unsure of what to do,… Read More »INSOLVENCY ACT SOUTH AFRICA
HOW TO ENJOY A DEBT-FREE LIFESTYLE IN SOUTH AFRICA Imagine not having to stress every time the phone rings. Also imagine getting up in the morning and realising that you no longer have debt. Indeed, every debt has been paid, and you have enough cash at hand to enjoy a debt-free lifestyle. Is it even possible? Truth is that you can enjoy a debt-free lifestyle… Read More »DEBT-FREE LIFESTYLE