The process of Sequestration
Sequestration is the legal process in South Africa, whereby an individual can declare themselves bankrupt/ insolvent.
In simple terms, if an individual’s debt has become too great, impossible to manage, and the person’s liabilities exceed his/her assets, the individual is insolvent (bankrupt).
This results in a person feeling demotivated and, in some instances, unable to get on with their life.
Why declare yourself insolvent?
Alternatively, you can apply for voluntary sequestration.
In instances where you have a large amount of debt, which is going to take more than 10 years (excluding your home loan) to pay back.
Then sequestration is probably a better option than debt review or debt management.
We will give you back your life and give you an entirely fresh start.
We can attend to your Sequestration Rehabilitation if you have been under Sequestration for at least 4 (four) years.