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DECLARING BANKRUPTCY

DECLARING BANKRUPTCY
In layman's terms, declaring bankruptcy implies the following:
You are bankrupt or insolvent if your liabilities exceed your assets. This is a valid reason to file for bankruptcy, also known as insolvency, surrender of estate, and sequestration.

BANKRUPTCY IN SOUTH AFRICA

Consulting with an insolvency expert, who can explain bankruptcy in South Africa, the process and remove misconceptions about sequestration, should be your first step in addressing insurmountable debt.

DEBT CONSOLIDATION IN SOUTH AFRICA

To better handle multiple liabilities, many South Africans have turned to debt consolidation. Debt Consolidation in South Africa can be one of two things, namely:
1.
DEBT CONSOLIDATION LOAN
One loan that settles all your debts, which you repay to take advantage of the lower interest rates and a combined lower instalment towards the debts; or
2.
DEBT COUNSELLING / DEBT REVIEW
Rather than taking out a loan, you can consolidate your debt into one manageable monthly payment and work with a trained debt counsellor to negotiate reduced interest rates with your creditors through a debt review or debt counselling programme.

DEBT MANAGEMENT PLANS

Putting together Debt Managment Plans form part of a Debt Relief Experts' job description and they are well versed in all the different debt management plans available in South Africa. In some instances, even abroad. However, we are mostly in South Africa. Therefore, debt management plans are very complicated and need to be managed properly to be effective.

NAVIGATING FINANCES WHILE OVER-INDEBTED

Navigating your finances while over-indebted is like getting lost in a labyrinth, and hence not the easiest thing to do. This guide on navigating finances while over-indebted will show you how to find your way out of the labyrinth and start living a debt-free life once more.

MANAGE YOUR DEBT

To avoid becoming over-indebted. Because interest rates and inflation rise continuously, it is an ongoing battle to survive without credit. You can do it too. If you want to know how to live a debt-free life, we can help you.

SKULD OPLOSSING IN SUID AFRIKA

Skuld oplossings in Suid Afrika sluit in:
1. Skuld mediasie
2. Skuld berading (Debt Review)
3. Sekwestrasie (ook bekend as bankrotskap / insolvensie)
U sal merk dat lenings nie daar gelys word as ‘n oplossing nie. Indien u baie vinnig in die warm water wil land, betaal skuld met skuld. Dit is nooit ‘n slim plan nie.

DEBT REVIEW VS SEQUESTRATION

Life isn't always easy. When creditors threaten with judgements, home foreclosures, and repossessing your vehicle, it can be challenging to overcome. What is the most suitable choice? Keep reading to find out how debt review differs from sequestration. Knowing what each consists of will help you to make the right choice for your specific financial situation.

DEBT RELIEF SPECIALISTS IN S.A.

When looking at the term ‘Debt Relief Specialists in S.A’ it already tells you that this individual or company provide specialist services in terms of debt relief solutions in South Africa, to over indebted individuals and businesses.

PERIOD OF DEBT REVIEW

Debt review also known as Debt Counselling can assist individuals and couples in getting their finances in line. Unfortunately, it takes time to become debt-free, and many South Africans wonder about the period of Debt Review and how it will impact their life.