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INSOLVENCY AND BUSINESS TURN-AROUND SPECIALISTS

INSOLVENCY AND BUSINESS TURN-AROUND SPECIALISTS

010 286 1966 | [email protected]

Voluntary Sequestration

Explained

Get out of debt, and back on your feet. We’ll Deal with Creditors on Your Behalf. Consult with one of SA’s Leading insolvency attorneys.

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Voluntary Sequestration

Explained

Get out of debt, and back on your feet. We’ll Deal with Creditors on Your Behalf
Consult with one of SA’s Leading insolvency attorneys.

5+ star Google review
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Voluntary Sequestration Process

Voluntary Sequestration Process is a legal process by which you are declared insolvent by an order of the High Court of South Africa. The effect of a sequestration order is that your debts (in layman’s terms) are written off. In legal terms, your debt vests on a Trustee, that needs to sell your assets and distribute the proceeds according to The Insolvency Act, Act nr: 24 of 1936 (South Africa)” the Insolvency Act.

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Voluntary Sequestration Process

Voluntary Sequestration Process is a legal process by which you are declared insolvent by an order of the High Court of South Africa. The effect of a sequestration order is that your debts (in layman’s terms) are written off. In legal terms, your debt vests on a Trustee, that needs to sell your assets and distribute the proceeds according to The Insolvency Act, Act nr: 24 of 1936 (South Africa)” the Insolvency Act.

During the Sequestration process

During the process, you are protected against execution by your creditors unless you have left it so late that we can’t timorously place the prescribed publications in the Government Gazette which would stop execution by your creditors.

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Solve your debt problems

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Solve your debt problems

During the Sequestration process

During the process, you are protected against execution by your creditors unless you have left it so late that we can’t timorously place the prescribed publications in the Government Gazette which would stop execution by your creditors.

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After Sequestration

After the Sequestration Order has been granted, the Master of the High Court appoints a Trustee who must take charge of your assets and liabilities. Once a Trustee is appointed we set up a meeting with the Trustee at which meeting we represent you. When meeting with the Trustee we negotiate on your behalf certain important aspects.

icon for free consult with two people with chat boxes

Because we care

After Sequestration

After the Sequestration Order has been granted, the Master of the High Court appoints a Trustee who must take charge of your assets and liabilities. Once a Trustee is appointed we set up a meeting with the Trustee at which meeting we represent you. When meeting with the Trustee we negotiate on your behalf certain important aspects.

The Applicant for Voluntary Sequestration

With a voluntary sequestration application, you are the applicant that brings the sequestration application. If you are married in community of property, there is only one communal estate, and thus you and your spouse are the first and second applicants respectively. If on the other hand you are married out of community of property, you have to decide if just yourself and/or your spouse needs to apply for voluntary sequestration.

Icon of person on chair

Solve your debt problems

Icon of person on chair

Solve your debt problems

The Applicant for Voluntary Sequestration

With a voluntary sequestration application, you are the applicant that brings the sequestration application. If you are married in community of property, there is only one communal estate, and thus you and your spouse are the first and second applicants respectively. If on the other hand you are married out of community of property, you have to decide if just yourself and/or your spouse needs to apply for voluntary sequestration.

Get a fresh start