Sequestration: Become Debt Free
We Specialize in Sequestrations for individuals. We also assist with liquidations for companies.
Contact Us For Expert Advice On Sequestration Today:
- Become Debt Free
- You don’t have to appear in court or deal with your creditors
- Your salary is safe and all garnishing orders are stopped
- What route to take when you are financially distressed?
- How to deal with creditors who are continuously harassing me?
- What route to take when I am unable to settle its debts when it becomes due and owing
- Liquidations can be done for business
Get a free consultation today, where we will explain the process and steps you can take. Complete the form now.
Contact Us Today For A Free Consultation
Complete your details below:
who can be sequestrated?
- a natural person
- deceased estate
- partnerships
- a trust
- a club
VOLUNTARY SEQUESTRATIONS:
You can petition to court in order to have yourself be declared insolvent (surrender of the estate). Your creditors must at least receive 20 cents out of the rand by the selling of your assets by the appointed trustee.
COMPULSORY SEQUESTRATIONS:
A creditor can apply to court to have an estate sequestrated based on factual insolvency of the estate or an act of insolvency which was comitted
THE PROCESS:
The Master appoints a trustee(s) who is tasked with the administration of the insolvent estate (sell company assets and distributes the proceeds between different categories of creditors)
REHABILITATION:
The rehabilitation of an insolvent estate signifies the end of insolvency. Rehabilitation enables a person who has been sequestrated to make a fresh start regarding their financial status.
Rehabilitation automatically takes place after 10 years or by order of court where creditors obtained not less than 50 cents in the rand, alternatively by the lapsed of the prescribed period of the first account.
Address
410 Vista Drive
Faerie Glen
Pretoria Gauteng0181
Contact us
Office: 079-855-5165
Fax: 086-580-5464
E-mail: info@xpertilink.co.za