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SEQUESTRATION PROCESS IN SOUTH AFRICA

If a trust or person(s) is unable to service their monthly obligations, they can follow the sequestration process to get the debt written off. In accordance with the Insolvency Act, this can be done in two different ways. Namely, (1) voluntary sequestration or (2) compulsory sequestration.

COMPANY LIQUIDATION IN SOUTH AFRICA

Some online sources may claim that there are three distinct methods for liquidating a business, but in reality, they are simply different names for the same process. Liquidation of a company is also known as insolvency, bankruptcy, and winding up of the business.

COMPANY LIQUIDATION IN SA

When businesses face financial strain, the topic of company liquidation in South Africa becomes a subject of widespread discussion. Liquidation offers a swift and effective resolution for eliminating business debts.

LOANS & DEBT REVIEW

Loans and debt reviews are currently among the most popular topics being searched on Google. There's an increasing demand among people under debt review who are looking for help from organisations that can offer loans while they are currently under debt review.

WHAT IS BUSINESS RESCUE

The primary objective of business rescue proceedings is to streamline the effective recovery of a financially distressed organisation, aiming to enhance the chances of the company's survival on a sustainable financial basis. If that is not possible, the goal is to ensure the company remains operational, ultimately leading to a more favourable outcome for the company's creditors or shareholders compared to an immediate liquidation.

THE FUNCTIONS OF CREDIT BUREAUS IN SA

Many consumers don’t understand the functionality and job of the Credit Bureaus in South Africa. In this article we attempt to explain the Function of the Credit Bureaus in South Africa.

DEBT RELIEF IN SA

Debt relief is a widely discussed issue in South Africa, as numerous South Africans grapple with overwhelming amounts of debt. Many individuals in South Africa encounter financial hardship. South African consumers are often unaware of the various options available to them for debt relief.

DEBT MEDIATION ENTAILS...

After the pandemic, a lot of South Africans fell into financial disarray. We received an influx of enquiries about Debt Mediation and what it entails. This article, 'Debt Mediation Entails...' will provide you with the relevant information to make an informed decision about your financial situation.

PROS & CON OF DEBT REVIEW

Consumers don't always fully understand the debt review process or its pros and cons. This becomes clear when you listen to the many questions that consumers have.

WHAT IS DEBT REVIEW
A lot of consumers don’t understand how the process works and what it can mean to them. Because there’s so many questions about the process and the great questions 'What is Debt Review' we decided to explain it.