The voluntary surrender of estate is a legal procedure for getting out of debt. You will be declared insolvent with a court order, obtained in the High Court of South Africa. A curator / trustee will be appointed by the Master of the High Court to manage the sale of your assets and the equal distribution of benefits to your creditors.
Did you know that you can transfer your Debt Counselling at any point during the debt counselling procedure without affecting your instalments or anything else?
The Financial Rehabilitation Process is a legal process that occurs by order of the South African High Court, in which the Insolvent (applicant) is pronounced financially fit and proper again by the High Court. After being sequestered, a person might apply for rehabilitation. Once recovered, an insolvent gets out from sequestration and can start living again.
Be debt-free by Christmas. Is that even possible? The time frame is so short. You can achieve this impossible task. It is quite possible if you have the right people rooting for you.
Insolvency is a great way to attain stability since it allows you to use your assets to get rid of debts or to liquidate a business. Insolvency is only one of many tools to use in successful business management. GET DEBT WRITTEN OFF....
To declare bankruptcy or not, that is the big question...
There are numerous myths about insolvency in South Africa and lots of material floating around on the internet, but which of these are genuine and factual? Being industry leaders, we can blast every myth into oblivion.
There’s a lot of miscommunications around these subjects. After I read an article about sequestration I realised once again how many misconceptions are on the internet. Because of this article I read I decided to do a comparison between Sequestration vs Debt Review.
Understanding Sequestration in South Africa and what it all means is a topic that is examined among those who are financially strapped individuals and businesses.
There are numerous myths and misinformation about Sequestration and its implications for individuals, corporations, and trusts in financial distress.
The greatest concern and worry when it comes to Sequestration is always, "How do I recover from this?" and "Is there Life After Sequestration, and if so, HOW?"
