Voluntary Sequestration

Voluntary Sequestration is a debt relief strategy aimed at individuals overwhelmed by unsecured debt who seek to have their debts written off to facilitate financial recovery. It is a voluntary process, typically initiated when a person genuinely cannot meet their repayment obligations, allowing them to "draw a line" under their debt and start anew. This approach is suitable for those experiencing severe financial hardship, providing a structured way to resolve unsecured debts and regain stability, but it requires careful consideration and honest assessment of one's financial situation.