Interesting Articles
Voluntary Sequestration Process
Sequestration Definition Voluntary Sequestration Process is a legal process by which you are declared insolvent by an order of the High Court of South Africa. The effect of a sequestration order is that your debts (in layman’s terms) are written off. In legal terms,...
Sequestration South Africa
Sequestration A sequestration application is the legal mechanism, in South Africa, if you want to declare bankruptcy as an individual. History of Sequestration in South Africa Sequestration is almost as old as mankind itself. In difficult times the Jews had a law in...
Sequestration Process
Sequestration Process The sequestration process is laid out in the Insolvency Act and has very clear guidelines about formalities that needs to be adhered to before you can bring a sequestration application. All of the formalities are however handled by your Attorney....
Voluntary Liquidation Process
VOLUNTARY LIQUIDATION PROCESS The voluntary liquidation process refers to a process where either the members of a company of the creditors of a company liquidate the company by consent. The objective of the creditors and the debtor in this instance is exactly the...
Voluntary Liquidation Definition
VOLUNTARY LIQUIDATION DEFINITION The word voluntary liquidation refers to the fact that either the members of a CC / Directors of a company can liquidate the company by way of a voluntary liquidation. The creditors of a company can also liquidate a company via a...
Sequestration Attorneys
SEQUESTRATION ATTORNEYS When you owe money and the realization that you are unable to pay your debt settles in, you would normally go through the following phases: You try to raise additional finance. You consider ways and means to increase your income. You cut all...
Liquidation South Africa
LIQUIDATION SOUTH AFRICA The New Companies Act of 2008 brings liquidations in South Africa more in line with countries like America, Canada and England. Because the New Companies Act places a heavy burden on company Directors to ensure that their companies does not...
Liquidation Process
LIQUIDATION PROCESS The liquidation process can be broken down into three separate processes. PRIOR TO THE LIQUIDATION PROCESS In the first instance, you must determine whether liquidation is indeed the correct option. To determine this, you should consider a lot of...
Debt Consolidation Loans South Africa
DEBT CONSOLIDATION LOANS Debt Consolidation Loans are widely used in South Africa. Many consumers in South Africa consolidate debt because they think it would ease the monthly debt installments. What is Debt Consolidation Loans Simply put, it is a loan that combines...
Voluntary Sequestration Process
Sequestration Definition Voluntary Sequestration Process is a legal process by which you are declared insolvent by an order of the High Court of South Africa. The effect of a sequestration order is that your debts (in layman’s terms) are written off. In legal terms,...
Sequestration South Africa
Sequestration A sequestration application is the legal mechanism, in South Africa, if you want to declare bankruptcy as an individual. History of Sequestration in South Africa Sequestration is almost as old as mankind itself. In difficult times the Jews had a law in...
Sequestration Process
Sequestration Process The sequestration process is laid out in the Insolvency Act and has very clear guidelines about formalities that needs to be adhered to before you can bring a sequestration application. All of the formalities are however handled by your Attorney....
Voluntary Liquidation Process
VOLUNTARY LIQUIDATION PROCESS The voluntary liquidation process refers to a process where either the members of a company of the creditors of a company liquidate the company by consent. The objective of the creditors and the debtor in this instance is exactly the...
Voluntary Liquidation Definition
VOLUNTARY LIQUIDATION DEFINITION The word voluntary liquidation refers to the fact that either the members of a CC / Directors of a company can liquidate the company by way of a voluntary liquidation. The creditors of a company can also liquidate a company via a...
Sequestration Attorneys
SEQUESTRATION ATTORNEYS When you owe money and the realization that you are unable to pay your debt settles in, you would normally go through the following phases: You try to raise additional finance. You consider ways and means to increase your income. You cut all...
Liquidation South Africa
LIQUIDATION SOUTH AFRICA The New Companies Act of 2008 brings liquidations in South Africa more in line with countries like America, Canada and England. Because the New Companies Act places a heavy burden on company Directors to ensure that their companies does not...
Liquidation Process
LIQUIDATION PROCESS The liquidation process can be broken down into three separate processes. PRIOR TO THE LIQUIDATION PROCESS In the first instance, you must determine whether liquidation is indeed the correct option. To determine this, you should consider a lot of...
Debt Consolidation Loans South Africa
DEBT CONSOLIDATION LOANS Debt Consolidation Loans are widely used in South Africa. Many consumers in South Africa consolidate debt because they think it would ease the monthly debt installments. What is Debt Consolidation Loans Simply put, it is a loan that combines...
