Voluntary Sequestration
Start a New Way of Life by being Sequestrated!
Financial freedom can be yours in a few simple steps.
No More Debt!
Let us help you relieve yourself of your debt.
A brand new start at a clear record
No garnishee orders!
The Sequestration Process.
The Pros of Sequestration
| Your High Court Application | There is no need to appear in High Court. An advocate appears in High Court on your behalf. This is a swift and quick application. |
| Your Debt | You get rid of all your debt, including arrear taxes. All debt prior to or on date of sequestration falls away. |
| Your Estate | Your policies, annuities, pension and personal injury claims etc. are protected and excluded from your insolvent estate. |
| Your Garnishee Orders | Once sequestration is granted all garnishee orders against your salary are removed. |
| Your Salary | Your creditors are legally not allowed to attach your income or salary. |
| Your Future | After 6 months or 4 years (depending on circumstances); and after final sequestration order has been granted; you can apply for rehabilitation and your credit status will be reinstated. |
The Cons of Sequestration
| Can I accuire more debt? | You are blacklisted on all credit bureaus and cannot incur any debt until you have applied for rehabilitation. |
| Can I start a new company? | You will not be able to act as a member of Close Corporation or director of the Company until you are rehabilitated. |
| Can I administrate a trust account? | You will be unable to have or administrate a trust account, ie. Attorneys Trust Account, Estate Agent Trust Account. |
| Will my job be affected? | Certain high-profile jobs can be affected negatively and thus the company’s policies and regulations should be consulted. Alternatively, our offices should be contacted prior to proceeding with the sequestration application. |