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QUALIFYING CRITERIA FOR INSOLVENCY | HOW WOULD I KNOW | FREE ASSESSMENT

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NOT SURE IF YOU ADHERE TO THE QUALIFYING CRITERIA FOR INSOLVENCY / BANKRUPTCY / SEQUESTRATION?
NO PROBLEM - LET US HELP YOU - 
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Qualifying criteria for insolvency in South Africa. What's the qualifying criteria for sequestration, and how do you know whether this is the right process for you? If not, which other processes are available to alleviate debt? Let us guide you through the qualifying criteria for sequestration and provide you with important information about the process.

Maybe the insolvency process is exactly what you need, and maybe it’s not. If it’s not the right process for you, we are able to assist you with any other debt solution because we are NCR-accredited debt solution experts.  You'll never know if you don't talk to one of our experts regarding insolvency and learn how you can benefit from it.  And most importantly, whether you're adhering to the qualifying criteria for sequestration.

When someone files for bankruptcy, it's a legal process where the bulk of the debt is written off. To be eligible for sequestration, you must meet the following qualifying criteria:

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1. Liabilities exceed assets:  If you find yourself in a situation where you're unable to meet your monthly debt repayments as per the original agreements, you may be eligible for sequestration.  This is the first step towards knowing that you adhere to the qualifying criteria for insolvency. 

Sequestration is a solution for people burdened with over-indebtedness.   If your liabilities exceed your assets, you're qualifying for sequestration.  The applicant, in this case, the debtor, has to prove to the court that their liabilities exceed their assets.  Which is quite easy if you're over-indebted.  

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2. Insolvency is applicable to both individuals and trusts. If you are a business owner and want to know if you and your company adhere to the qualifying criteria for insolvency, it is possible; however, sequestration of a business is known as liquidation. We can help you determine if you qualify for sequestration and whether the company qualifies for liquidation.  The qualifying criteria for bankruptcy, for both businesses and individuals, can be quite daunting if you don't understand the process. 

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3. In order to qualify for sequestration, you need to have a minimum debt.  Bear in mind that this is a very important part of the qualifying criteria for insolvency.  This is part of the qualifying criteria for sequestration. However, if you don't meet the qualifying criteria for sequestration, we can still help you with alternative debt relief solutions. At Cure Debt, we take pride in being the only company in South Africa that offers the entire spectrum of debt solutions all under one roof. 

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It's worth mentioning that the criteria for applying for sequestration vary based on the circumstances in question. It's beneficial to speak with an NCR-accredited debt solutions expert before proceeding with sequestration. They can assess your specific circumstances and provide advice on whether sequestration is the best debt solution for you.  At Cure Debt, all assessments are FREE.

It is important to remember that the sequestration process is a complex legal process, and if not dealt with in a professional and correct manner, it can be a very stressful and frustrating process. Therefore, we recommend consulting with a qualified NCR-accredited debt solution expert before proceeding with any debt solution.

CUREDEBT IS AN NCR-REGISTERED DEBT RELIEF SOLUTIONS EXPERT SERVICE PROVIDER.
Steer clear of those that aren't authorised NCR-registered debt relief solutions service providers. It really is that simple. Any practitioner specialising in debt relief solutions is required to be NCR-registered because debt relief solutions practitioners are monitored by the National Credit Regulator (NCR).

Why cure debt?
Cure Debt is the ultimate debt relief solution to your unique debt problem.  With a proven track record, we are proud to say that we can help you become debt-free.

Finding a Debt Relief Specialist: PLEASE HELP!
Need help finding a debt relief specialist to assist with the best solution for your specific financial situation?
Call Cure Debt and talk to one of our Debt Relief Specialists, Find the Debt Relief you need from the best debt relief specialists in South Africa.

We can help you!  BECOME DEBT-FREE TODAY!


WHY SHOULD YOU TRUST CURE DEBT WITH YOUR FINANCIAL DIFFICULTIES?
We genuinely care about you and how this process will impact you. We acknowledge that if you choose not to proceed, there will be a financial impact for us. However, the main focus is not on the financial aspect, but rather on the desire to assist individuals in overcoming their financial difficulties. Let's get you back on track to living your life to the fullest. Start Living Again!

What does Cure Debt offer?
We work with several professionals, specialising in their different fields, to serve our clients. With a combined experience of more than a century. We can proudly state that 'We are the best in the business of helping people and businesses become debt-free.  Become debt-free Today!

We have an array of services we offer, and we SPECIALISE IN FINANCIAL DIFFICULTIES AND REHABILITATION.

OUR SERVICES INCLUDE:
Debt Review | Debt Counselling | Debt Mediation & Restructuring | Cancellation of the Debt Review | Sequestration | Rehabilitation | Liquidation | Credit Clearance of Credit Score | Business Rescue, etc.

                                                                              BECOME DEBT-FREE TODAY...
Contact Cure Debt today to assist you with all your financial difficulties and start living again.

Disclaimer: This article is for information purposes only and does not constitute legal advice. Call on CureDebt rather than relying on the information herein to make any decisions. The information is relevant to the date of publication.
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