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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

Bankruptcy may provide you with the debt relief you seek when you are neck-deep in debt and see no other way out. It is a voluntary debt solution that can write off a large portion of your debt. If you are genuinely unable to meet your unsecured debt obligations and repayments, bankruptcy is the way to go. Let's see how you can apply for bankruptcy in South Africa.

Bankruptcy and insolvency are related but are different. While a bankrupt person is insolvent, an insolvent person is not necessarily bankrupt. Below, we explain the difference and how an individual can declare bankruptcy in South Africa.

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

Business owners hesitate to consider the benefits that Liquidation can offer them due to deeply rooted misconceptions. Here are the benefits

One of the primary advantages of voluntarily surrendering your vehicle is to avoid the damaging consequences of repossession.