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Voluntary sequestration is often misunderstood in South Africa. It is surrounded by myths and misconceptions that prevent many individuals from exploring it as a viable solution to unmanageable debt. While it might sound like a daunting legal process, let's understand the facts so that you can make informed financial decisions. In this article, we debunk the top five myths about voluntary sequestration and clarify how it works in South Africa.

Sequestration is a formal legal process in South Africa that allows an insolvent individual to be declared bankrupt, so that a court-appointed trustee can take control of their estate. The goal of sequestration is to ensure that creditors receive a fair and orderly distribution of what an insolvent person can offer. But one of the most common and most misunderstood questions is whether sequestration is possible when a debtor has no assets at all. Is Sequestration possible wit

So, you have been declared insolvent by your creditors or you have voluntarily surrendered your debt through a process called sequestration. Your credit score is poor and you are unable to access any credit. Is there any hope? Of course there is! The law does not forget about you after you sequestrate or declare yourself to be insolvent. There is a way to restore your credit status and resume a normal life. In this article, let's understand credit rehabilitation and how it ca

Debt Review and Sequestration are legally regulated debt solutions offered to consumers in South Africa to assist with managing debt. In this article, we discuss the difference between Debt Review and Sequestration in South Africa and also which of the two may be the best possible solution for your specific financial situation.

In South Africa, the cost of sequestration depends on the complexity of the case as well as specific legal fees. Here is a detailed explanation of what to expect.

Falling behind on debt repayments can be stressful. If your creditor has hired a Debt Collection Agency, then that adds another layer of worry. One of the most common concerns in such situations is how much extra a Debt Collector is legally allowed to charge in South Africa. Well, the good news is that the law provides clear limits to protect you.

Approximately 12 million adults in South Africa struggle with unmanageable debt, according to the Finmark Trust. One legal solution that often comes up in this context is Sequestration, a process in which an individual voluntarily applies to be declared insolvent by a court. The court then appoints a trustee to manage and distribute the insolvent party's assets to its creditors. But the big question remains: Is sequestration a good idea in South Africa? In this article, we ex

Having a credit card means having freedom. However, irresponsible use of a credit card can usually result in a large debt that people may not be able to afford to pay. Of course, there are other reasons too, such as the rising cost of living and economic uncertainty.

Failing to pay your Credit Card debt can put you in a legal predicament. Missing out on even one month's installment can negatively impact your Credit Score.