VOLUNTARY SURRENDER | SEKWESTRASIE | PERSOONLIKE INSOLVENSIE | HOW TO GUIDE!

When taking a good, hard look at voluntary surrender of estate applications, many individuals who applied for sequestration only did it when they were already knee-deep in financial trouble.

As with any problem, you must be honest with yourself about your situation. Only then can you find possible solutions to your specific problem. Whether it's a financial issue or any other potential issue, you must be truthful with yourself.

Vrywillige sekwestrasie is ‘n laaste uitweg, na jy reeds alle ander moontlike oplossings probeer vind het vir jou finansiële situasie, maar neem in ag hoe langer jy neem om by die regte oplossing uit te kom, hoe meer geld en tyd word in die water gegooi.

If you first tried a consolidation loan, you most likely got it approved, paid additional administrative fees, and perhaps even made an instalment or two. However, the consolidation loan didn't solve your debt problem; instead, you wasted money that could have gone toward the right solution to your over-indebtedness. A solution like Voluntary surrender of estate or in other words declaring bankruptcy.

To acknowledge that you are over-indebted and experiencing financial distress. Get out of the state of denial and take a proactive stance. Find a solution before it is too late. Voluntary surrender of estate is a viable solution to quickly relieving oneself of a mountain of debt.

The Insolvency Act, Act 24 of 1936, outlines the legal process for voluntarily surrendering your estate to the Master of the High Court, who oversees it once the High Court of South Africa grants your application.

It goes without saying that this is a High Court application, requiring legal professionals to secure a court order confirming that you are legally insolvent. 

The Master of the High Court then oversees the entire process, ensuring a fair and reasonable outcome for all parties involved. Therefore, this process is perfectly legal and could potentially mean the difference between years of financial struggle and immediate financial relief.

All debt relief solutions available under one roof – 

Businesses and individual person(s). 

We can help you... 

Click here to Request a call back and receive Expert Advice!!!

1. Realise that you are over-indebted and need help.

2. Contact CureDebt for a free assessment and consultatio, finding a solution to your current financial situation.

3. The most important consultation you’ll ever have in your life will take place.

4. Found a solution? Now we get a plan of action to implement the debt relief solution of your choosing.

5. Achieve financial freedom and become debt-free.

6. You’ve Busted your Debt with CureDebt, the ultimate DebtBusters in South Africa.

7. You can now clear your credit record.

8. Start living again - DEBT-FREE - Partake in the Economy Again, Clear Credit Profile - No More Debt - No Worries.

CureDebt is one of South Africa's leading companies specialising in debt relief solutions. We pride ourselves in our ability to assist individuals and businesses with all possible debt relief solutions under one roof.

We can help both businessmen, women, and individual person(s) struggling to service their monthly obligations find viable debt relief solutions to suit your specific situation and requirement.

CureDebt your ONE-STOP-SHOP FOR DEBT RELIEF SOLUTIONS and debt rehabilitation in South Africa. If we cannot help you no one can.

You shouldn’t have to bear the burden of over-indebtedness just because of circumstances beyond your control. And even if there were some mistakes along the way, remember, it’s okay to let go of that guilt! You deserve to move forward without punishing yourself for the past. It's time to level up and embrace a debt-free lifestyle! Let's make it happen today!

Voluntarily surrendering your estate to the master can be a game-changing debt relief solution! Imagine stepping into financial freedom and embracing a debt-free life in an instant. It's all about taking that bold step towards a brighter future! Let’s dive into voluntary surrender as a debt relief solution and explore how it can transform your life!

When considering declaring insolvency or bankruptcy, the most common concern is, 'What will happen to my assets?' Be it furniture, vehicles, or immovable assets.  You don’t want to find yourself in a worse situation than where you started out. Here are the answers to the questions that often keep potential clients up at night. 

When you choose to voluntarily surrender your estate to the master as a debt relief solution, you can write off up to 90% of your debt and repay the remaining amount in convenient, interest-free instalments. This debt relief solution will instantly grant you financial freedom. You will become debt-free the moment you start with the process.

If you have any immovable property registered in your name, whether it is fully paid or not, it will become part of the insolvent estate. The master of the high court, acting on behalf of the creditors, appoints the curator who will continue to sell the property in the insolvent estate.  Aiming to recover as much money as possible to settle the bond, if applicable, and use any profits to service the outstanding debts as well as, but not limited to, curator and master fees.

Any movable asset (furniture, vehicles, trailers, caravans, etc.) paid in full will also form part of the insolvent estate. However, you can opt to buy it back from the insolvent estate or not.

Should you decide that you don’t want to buy these assets back from the insolvent estate, then the curator will seize and remove the movable assets and sell them at auction. After proving their claims against the insolvent estate, the curator will use the proceeds to settle the debts.

Should you decide you don’t want to lose your movable assets, you will have the option to buy them back from the insolvent estate. This means that you will need to negotiate with the curator for an acceptable payment plan. Typically, this payment plan has a maximum duration of 18-24 months. Keep in mind that if you opt for a buy-back agreement, the movables will not be removed from your premises at all.

Just a quick phone call, and one of our amazing Debt Relief Experts will be there to answer all your questions! Just a little reminder that advice is totally FREE!