WHY YOU SHOULD GET DEBT HELP TODAY Debt does not go away without you doing something about it. If your creditors are already knocking on your door for overdue payments, and you have no means to increase your income or reduce your living expenses in order to pay the debts, then you need to get debt help today. Truth is that most creditors do not… Read More »GET DEBT HELP TODAY
ARE YOU LOOKING FOR REAL FINANCIAL AND DEBT SOLUTIONS? Debt has a way to creep up on you, especially when you have unexpected expenses, such as medical or moving costs. To pay for such costs, you might opt for short-term or personal loans, additional credit on your credit card, or even pawning valuable items, such as your vehicle. However, you cannot solve debt with more… Read More »FINANCIAL AND DEBT SOLUTIONS
FOUR REASONS TO BECOME DEBT-FREE Debt can be dangerous, and it takes away your financial freedom. While you probably already know that it is better to have as little debt as possible, below are a few more reasons to become debt free, as well as a look at why people stay in the debt cycle. More Money Available to Enjoy Life The idea that money… Read More »BECOME DEBT FREE
INSOLVENCY PRACTITIONERS – ADVICE ON ASSETS THAT FORM PART OF THE ESTATE Before you consider debt solutions, seek the advice of experienced insolvency practitioners who will help to take guesswork out of the picture. It is your financial future, and therefore it is crucial to seek legal and financial advice from experienced insolvency practitioners, rather than trying to approach creditors with an offer on your… Read More »INSOLVENCY PRACTITIONERS ADVICE
7 IMPORTANT ADVANTAGES OF VOLUNTARY SEQUESTRATION IN SOUTH AFRICA Voluntary sequestration is an expensive legal procedure in which you apply to court to be declared bankrupt. You might wonder if there are any advantages to voluntary sequestration. The good news is that just as there are disadvantages to any debt solution, there are also advantages. Below are a few of the advantages of voluntary sequestration,… Read More »ADVANTAGES OF VOLUNTARY SEQUESTRATION
DO YOU MEET THE REQUIREMENTS FOR VOLUNTARY SEQUESTRATION? If you are considering voluntary sequestration, you need to make sure that you are able to meet the requirements for the application. We briefly discuss the voluntary sequestration requirements below, which should help you to decide whether to follow the sequestration route to become debt-free. Your Debt is More Than Your Assets The first requirement is that… Read More »VOLUNTARY SEQUESTRATION REQUIREMENTS
MISCONCEPTIONS ABOUT APPLYING FOR VOLUNTARY SEQUESTRATION If you are insolvent, earn an income, and have sufficient assets (like immovable property or securities), applying for voluntary sequestration might be the best option to get rid of debt within a short period. Your assets must be sufficient to ensure that the sale thereof can realise the minimum benefit of 20 cents out of the rand for the… Read More »APPLYING FOR VOLUNTARY SEQUESTRATION
WHY SEEK DEBT SOLUTION ADVICE BEFORE YOU APPROACH CREDITORS WITH AN OFFER? If you are struggling to pay your store accounts, home loan, personal loans, vehicle finance, and credit cards, seek debt solution advice immediately. Every day you wait, you increase the risk of creditors taking things further, in order to take a judgement against you. If the bank forecloses on your property and sells… Read More »DEBT SOLUTION ADVICE
FAQ – COMPANY LIQUIDATION IN SOUTH AFRICA Liquidation of a company is a legal process. Therefore, you need the assistance of a corporate insolvency lawyer, to apply to court to declare your company bankrupt. The corporate insolvency lawyer handles the application on your behalf, and guides you through the process. What is Liquidation? It is the legal process whereby, upon court order, the company’s financial… Read More »CORPORATE INSOLVENCY LAWYER
WHEN CAN YOU APPLY FOR REHABILITATION AFTER INSOLVENCY? It is recommended that you apply for rehabilitation after insolvency, as soon as all the requirements for rehabilitation have been met. If you do not apply for rehabilitation after insolvency, you will remain sequestrated for a period of ten years, after which you will be automatically rehabilitated. Rehabilitation is a legal process in which you regain full… Read More »REHABILITATION AFTER INSOLVENCY