QUALIFYING FOR SEQUESTRATION | HOW WOULD I KNOW | FREE ASSESSMENT
NOT SURE IF YOU ADHERE TO THE QUALIFYING CRITERIA FOR SEQUESTRATION?
NO PROBLEM - LET US HELP YOU -
FREE ASSESSMENT & CONSULTATION...
Qualifying for sequestration in South Africa. What are the criteria, 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 and provide you with essential information about the sequestration process.
Maybe this 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.
When someone files for sequestration in South Africa, it's a legal process where their assets are disposed of, and the money is distributed to their creditors. To be eligible to file for sequestration, you must meet the following criteria:
1. Liabilities exceed assets: If you find yourself in a situation where you're unable to meet your debt obligations as per the original agreements, you may be eligible for sequestration.
Sequestration is a possibility for individuals who find themselves unable to meet their financial obligations. The applicant has to prove to the court that their liabilities exceed their assets.
2. Sequestration is applicable to both individuals and trusts. If you are a business owner and want to know if you and your company qualify for sequestration, 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.
3. In order to apply for sequestration, you need to have a minimum debt. 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.
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 expertbefore proceeding with any debt solution.
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 Reliefyou need from the best debt relief specialists in South Africa.
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!
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.
