{"id":15,"date":"2024-06-15T08:51:01","date_gmt":"2024-06-15T08:51:01","guid":{"rendered":"https:\/\/hgproperties.co.za\/flag\/?page_id=15"},"modified":"2024-07-02T15:57:03","modified_gmt":"2024-07-02T15:57:03","slug":"sequestration","status":"publish","type":"page","link":"https:\/\/hgproperties.co.za\/flag\/sequestration\/","title":{"rendered":"Sequestration"},"content":{"rendered":"\n

Voluntary Sequestration<\/strong><\/h2>\n\n\n\n
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Start a New Way of Life by being Sequestrated!<\/strong><\/h4>\n\n\n\n

Financial freedom can be yours in a few simple steps.<\/p>\n\n\n\n

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No More Debt!<\/strong><\/h4>\n\n\n\n

Let us help you relieve yourself of your debt.<\/p>\n<\/div>\n\n\n\n

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A brand new start at a clear record<\/strong><\/h4>\n<\/div>\n\n\n\n
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No garnishee orders!<\/strong><\/h4>\n<\/div>\n<\/div>\n\n\n\n

The Sequestration Process.<\/strong><\/h2>\n\n\n\n
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The Pros of Sequestration<\/strong><\/h2>\n\n\n\n
Your High Court Application<\/td>
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.<\/td><\/tr>
Your Debt<\/td>You get rid of all your debt, including arrear taxes.
All debt prior to or on date of sequestration falls away.<\/td><\/tr>
Your Estate<\/td>Your policies, annuities, pension and personal injury claims etc. are protected and excluded from your insolvent estate.<\/td><\/tr>
Your Garnishee Orders<\/td>Once sequestration is granted all garnishee orders against your salary are removed.<\/td><\/tr>
Your Salary<\/td>Your creditors are legally not allowed to attach your income or salary.<\/td><\/tr>
Your Future<\/td>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.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The Cons of Sequestration<\/strong><\/h2>\n\n\n\n
Can I accuire more debt?<\/td>You are blacklisted on all credit bureaus and cannot incur any debt until you have applied for rehabilitation.<\/td><\/tr>
Can I start a new company?<\/td>You will not be able to act as a member of Close Corporation or director of the Company until you are rehabilitated.<\/td><\/tr>
Can I administrate a trust account?<\/td>You will be unable to have or administrate a trust account, ie. Attorneys Trust Account, Estate Agent Trust Account.<\/td><\/tr>
Will my job be affected?<\/td>Certain high-profile jobs can be affected negatively and thus the company\u2019s policies and regulations should be consulted. Alternatively, our offices should be contacted prior to proceeding with the sequestration application.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

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 … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-15","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/pages\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":6,"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/pages\/15\/revisions"}],"predecessor-version":[{"id":171,"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/pages\/15\/revisions\/171"}],"wp:attachment":[{"href":"https:\/\/hgproperties.co.za\/flag\/wp-json\/wp\/v2\/media?parent=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}