DEBT RELIEF SOLUTIONS: SEQUESTRATION IN SOUTH AFRICA
Explore debt relief solutions through sequestration in South Africa. Legally write off debts and start fresh. Contact us for assistance.
Welcome to CureDebt Debt Relief Solutions, where we provide effective strategies to help you overcome your financial burdens.
Now, let's dive into the topic of insolvency. Simply put, insolvency occurs when an individual or a business cannot fulfil their financial responsibilities and becomes debt-ridden.
Voluntary sequestration offers numerous advantages. For instance, it allows you to become debt-free fast, puts a stop to the accumulating interest on your debt, minimises dealings with creditors, and even offers the benefit of having your debt written off. However, debt review may be more pertinent and better suited to your financial circumstances, depending, on the total amount of debt.
Now, let's look at both processes and see how they compare in opposition to each other.
SEQUESTRATION VS. DEBT REVIEW
What exactly is sequestration, and what does it entail?Sequestration is a legal process that occurs when a debtor is unable to pay their debts, and their assets may be taken by the High Court of South Africa under the
Insolvency Act.
Sequestration is a formal process that involves selling and distributing a debtor's assets. This can be accomplished via a voluntary sequestration application. Or through a court order initiated by creditors, also known as a compulsory sequestration application.
What exactly is debt review?
If you find yourself struggling with overwhelming debt and struggling to keep up with your monthly payments, the debt review process can provide a solution to help safeguard your assets. Through debt review, a structured and manageable repayment plan can be arranged for your outstanding debt.
A single payment that covers all your debts.
CureDebt debt relief solutions offer a convenient way to manage your debt by consolidating all your payments into one monthly installment. We also negotiate lower interest rates on your behalf because our aim is to ensure your financial freedom sooner rather than later.
Debt counselling, also known as debt review, is a provision that is incorporated into the
National Credit Act.
When under debt review, credit providers are unable to pursue legal action against you. This implies that, in addition to safeguarding your assets, you will also enjoy reduced monthly debt repayments. Your reduced monthly payment will include all fees.
Discover the Top Debt Relief Specialists in South Africa, CureDebt
There are numerous companies in the debt relief industry for you to consider. However, you want to work with the best of the best. When you work with highly skilled experts, you can anticipate outstanding results, substantial financial benefits, and a feeling of confidence.
WHY SHOULD YOU TRUST CURE DEBT WITH YOUR FINANCIAL DIFFICULTIES?
We care about you and how this process will affect you. We know and understand that if you decide not to continue with the process, we will lose money.
But it is not about the money; it is about helping people get out of financial distress. To help you
START LIVING AGAIN.
What does Cure Debt offer?
We worked with several professionals, specialising in their different fields, to serve our clients. With a combined experience of more than 120 years. We can proudly state that: 'We are the best in the business of helping people and businesses
BECOME DEBT FREE'.
