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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.

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.

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.

Sequestration in South Africa is a legal process that allows individuals who are unable to pay their debts to be declared insolvent. By doing so a large portion of their debt is written off.

Paying off your debts can prove challenging to many. Many fail to understand that paying off debts requires discipline, planning, and proper financial management.

Securing a business loan can be a powerful catalyst when aiming to expand a business. Approaching this with strategic insight is essential.

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

Life's unexpected twists and turns can often lead to financial stress and uncertainty. Here is a comprehensive roadmap to financial recovery

South African consumers are stuck in an unsecured debt trap, while they had no real income increase since 2016.