It is a process in which a customer and a credit provider negotiate the decrease of the consumer's monthly instalments and renegotiate interest rates charged.
Sequestration without Assets. Is it possible and if so, how? But, if an insolvency application must be to the benefit of the creditors, how can I apply for sequestration if I don’t have any assets? During this article we will explain the process but do suggest that you contact one of our professional consultants to assist you with any questions you might have regarding Sequestration without Assets.
Forced Sequestration occurs:
When a creditor, for example, can prove that the liquidity or realistic valuation of a living person's assets is less than his liabilities, or when a person has committed a so-called ‘Act of Insolvency’ (for example, declaring a Nulla Bona to a sheriff executing a warrant of execution - see section 9 of the Insolvency Act).
Many company owners are struggling with the question of closing a business legally, by way of liquidation, winding up of the Business or Deregistration? Whether it’s due to retirement of financial difficulties. There are several ways of closing a business. However, there’s just as many pitfalls...
Instead of living a debt free life a large percentage of the population in South Africa is currently over-indebted and anything but debt free. Therefore, this article will provide you with some habits that individuals and families that’s living a debt free life follows.
So baie individue wat onder Finansiële druk verkeer, het dieselfde vrae. Wat is die Voor- en Nadele en natuurlik die Kostes van ‘n Sekwestrasie? Wanneer dit kom by Sekwestrasie is die groot vraag of Sekwestrasie werklik die oplossing is vir jou Finansiële Probleme.
When thinking about becoming Skuld Vry / Debt Free in South Africa is one topic that is always on every individual and business owners’ lips. After the Pandemic a lot of individuals and business are struggling to become ‘Skuld Vry / Debt Free in South Africa’
Die Insolvensie Wet van Suid Afrika beskryf verskillende vorme van Sekwestrasie / Insolvensie / bankrotskap. Die groot vraag is natuurlik wat is die betekenis van elke een van die woorde of benamings en hoe kan u daarby baat vind.
Vehicles and Bankruptcy. This is one of the most often asked questions about Sequestration. What happens to my car if I apply for Sequestration in South Africa? This article will continue looking into this subject and look at possible solutions.
From time to time we tend to receive enquiries regarding Trusts and Insolvency and / or Sequestration of individuals and the advantages of setting up a living trust and the effects of Insolvency / Sequestration of an individual that is also a beneficiary of a trust.
