WHICH DEBT SOLUTIONS IN SOUTH AFRICA WILL WORK FOR YOU? If you are looking for workable debt solutions in South Africa, you have probably considered debt review, administration, and debt consolidation loans. With debt consolidation loans normally carrying high interest rates, they often add to the debt burden instead of helping you to get rid of debt. Administration is only applicable if the debt amount… Read More »DEBT SOLUTIONS IN SOUTH AFRICA
WHAT IS THE ROLE OF THE INSOLVENCY LAWYER REGARDING VOLUNTARY SEQUESTRATION IN SOUTH AFRICA? Many South Africans are unable to pay their debts and are looking for debt solutions. One such a solution is voluntary sequestration, wherein an insolvency lawyer applies on behalf of the insolvent party to have the party declared bankrupt. The party’s estate is surrendered and the assets sold on auction. A… Read More »INSOLVENCY LAWYER
QUESTIONS ABOUT VOLUNTARY SEQUESTRATION IN SOUTH AFRICA Voluntary sequestration in South Africa is a legal process whereby you apply to court to be declared bankrupt. It enables you to regain control over your finances and to get rid of up to 80% of your debt in a short period. The creditors must at least receive 20 cents out of the rand and this means that you only… Read More »VOLUNTARY SEQUESTRATION IN SOUTH AFRICA
WHAT TO AVOID BEFORE AND DURING AN APPLICATION FOR VOLUNTARY SEQUESTRATION IN SOUTH AFRICA It is better to lodge a formal application for voluntary sequestration in South Africa than wait for creditors to apply for your estate’s sequestration. In the latter instance, creditors are more likely to take aggressive legal steps in order to get payment for debt owed and it may be more difficult… Read More »APPLICATION FOR VOLUNTARY SEQUESTRATION
HOW DOES VOLUNTARY SEQUESTRATION WORK IN TERMS OF ASSETS? We briefly discuss how voluntary sequestration works in terms of various assets, helping you to make an informed decision regarding your financial future. How does voluntary sequestration work in terms of immovable property? Immovable property is included in the surrendered estate. It is valued and sold on auction by a court-appointed curator. You will have sufficient… Read More »HOW DOES VOLUNTARY SEQUESTRATION WORK
FINDING DEBT SOLUTIONS FOR YOU Are you struggling to pay your creditors? Do you dread answering the phone because it can be an attorney or creditor demanding payment? Looking for debt solutions for you? If you have substantial debt and are unable to pay the creditors, you will need a long-term solution. A debt consolidation loan can only work if it is sufficient to cover… Read More »DEBT SOLUTIONS FOR YOU
HOW TO APPLY FOR SEQUESTRATION REHABILITATION IN SOUTH AFRICA Rehabilitation is a legal process whereby an insolvent party applies to regain control over their financial estate. It follows after sequestration. If the time period requirements, in addition to other requirements, for rehabilitation have been met, the insolvent party’s status is changed from “sequestrated” to “rehabilitated”. The “rehabilitated” status remains on the person’s ITC record for… Read More »SEQUESTRATION REHABILITATION
DEBT REHABILITATION HELP IS AVAILABLE Are you struggling to pay your debt? Do creditors harass you? Are you afraid that you will lose all your assets and still have to pay debts for years to come? You are not alone. Millions of South Africans are in financial trouble. However, debt rehabilitation help is available. Keep in mind that it is far easier to get into… Read More »DEBT REHABILITATION HELP
HOW VOLUNTARY SEQUESTRATION WORKS IN SOUTH AFRICA Working with experienced insolvency practitioners in South Africa is the first step towards becoming debt-free. Such legal practitioners know the laws pertaining to insolvency and can advise you regarding the best route to follow, also when it comes to rehabilitation after sequestration. As our experienced insolvency practitioners in South Africa will explain, it is important to understand the… Read More »EXPERIENCED INSOLVENCY PRACTITIONERS IN SOUTH AFRICA
HOW REHABILITATION TO CLEAR YOUR NAME WORKS Voluntary sequestration is the process whereby you apply to be declared insolvent. Your estate is surrendered and the assets in it sold to ensure benefit to the creditors. Once the debt has been paid, you can apply for rehabilitation to clear your name and thus to restore your status. Without rehabilitation to clear your name, you will have… Read More »REHABILITATION TO CLEAR YOUR NAME