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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

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.

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

We investigate the benefits of Sequestration, as a formal insolvency procedure, designed to help individuals who are unable to repay debts.