Voluntary Sequestration Process

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 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

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

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

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...