What Happens to Debt After Retrenchment? | How to Navigate Debt
After retrenchment, your debt doesn’t disappear. Creditors can still demand payment, charge interest, and take legal action if accounts fall into arrears. While some may offer short-term relief, these options are limited if you have no income. In such cases, legal remedies like sequestration may be worth exploring, as they allow for the structured surrender of assets and potential discharge of most debt. Knowing your options early can help you avoid long-term financial damage.

