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VOLUNTARY SEQUESTRATION
Application for Voluntary Sequestration (South Africa)
VOLUNTARY SEQUESTRATION
Application for Voluntary Sequestration (South Africa)

BECOME DEBT FREE TODAY
Voluntary sequestration is an application that is done to the High Court to surrender your estate (assets and liabilities) to creditors in the hands of the Master of the High Court and be declared insolvent/bankrupt.
The Master will then appoint a Trustee to take control over the entire estate, whom must
BECOME DEBT FREE TODAY
Voluntary sequestration is an application that is done to the High Court to surrender your estate (assets and liabilities) to creditors in the hands of the Master of the High Court and be declared insolvent/bankrupt.
The Master will then appoint a Trustee to take control over the entire estate, whom must


EFFECTS OF SEQUESTRATION
The effect of a Voluntary Sequestration Court Order is that creditors must claim from the separate insolvent estate / surrendered estate. Creditors can not claim any money from you as their individual execution steps are stopped.
The trustee takes control of the entire estate and executes the administrative tasks. This process creates a

EFFECTS OF SEQUESTRATION
The effect of a Voluntary Sequestration Court Order is that creditors must claim from the separate insolvent estate / surrendered estate. Creditors can not claim any money from you as their individual execution steps are stopped.
The trustee takes control of the entire estate and executes the administrative tasks. This process creates a

Is Voluntary sequestration for me?
Factual Solvency Test
Do your liabilities exceed your assets?
You need to determine for what value you can
If however, you do not have any assets or equity in an asset that you can
commercial Solvency Test
Do your expenses exceed your income?
If your expenses are more than your income, taking into account your normal monthly expenses as well as repayments to creditors, then you will fall further into the debt trap.
Some sequestrate because of sureties that were signed or because their income has been reduced or they lost their employment and they can not repay creditors
Is Voluntary sequestration for me?
Factual Solvency Test
Do your liabilities exceed your assets?
You need to determine for what value you can
If however, you do not have any assets or equity in an asset that you can

commercial Solvency Test
Do your expenses exceed your income?
If your expenses are more than your income, taking into account your normal monthly expenses as well as repayments to creditors, then you will fall further into the debt trap.
Some sequestrate because of sureties that were signed or because their income has been reduced or they lost their employment and they can not repay creditors
Frequently asked questions
Get immediate answers to your questions

what to expect
DEBT FREE
All creditors claims, prior to date of sequestration, vest in the insolvent estate and regarded as settled at date of rehabilitation
LEGAL ACTIONS STAYED
Sections 20(1)(b) stops all legal action by or against the insolvent in terms of the insolvency act
SALARY AND PENSION PROTECTED
CREDITORS CALL US
SLEEP EASY AT NIGHT
START LIVING AGAIN
ASSETS VEST IN INSOLVENT ESTATE
CAN'T BE DIRECTOR OF COMPANY
EXCLUDED FROM PROFESSIONS
LISTED ON CREDIT BUREAUS
NOT CREDIT WORTHY
EFFECTS LAST UNTIL REHABILITATION
Get immediate answers to your questions
The first hour of consultation is FREE
Get immediate answers to your questions
First hour of consultation is FREE
DEBT OPTIONS
There are about 12 potions in the south
faq
if you are interested in more info please read our FAQ’s or make an appointment with us. Remember your first-hour appointment is free.

Danie Potgieter Attorneys

Tel- 010 286 1966
Fax- 012 663 5627
[email protected]

Ground Floor, Building C
1 Shelanti Street, Centurion, Gauteng

GPS-COORDINATES
South 25.50.933
East 028.11.680
ASSET PROTECTION
New Companies
Family Trusts
Strategic Liquidations
Corporate Restructuring
TAX STRATEGY
Tax Avoidance
Tax Liquidations
Tax Relieve Applications
BUSINESS RESCUE
Business Rescue

Danie Potgieter Attorneys
Contact
Tel- 010 286 1966
Fax- 012 663 5627
[email protected]
GPS-COORDINATES
South 25.50.933
East 028.11.680
Address
Ground Floor, Building C
1 Shelanti Street, Centurion, Gauteng
ASSET PROTECTION
New Companies
Family Trusts
Strategic Liquidations
Corporate Restructuring
TAX STRATEGY
Tax Avoidance
Tax Liquidations
Tax Relief Applications
BUSINESS RESCUE
Business Rescue

Danie Potgieter Attorneys
Contact
Tel- 010 286 1966
Fax- 012 663 5627
[email protected]
Address
Ground Floor, Building C
1 Shelanti Street, Centurion, Gauteng
GPS-COORDINATES
South 25.50.933
East 028.11.680
ASSET PROTECTION
New Companies
Family Trusts
Strategic Liquidations
Corporate Restructuring
TAX STRATEGY
Tax Avoidance
Tax Liquidations
Tax Relieve Applications
BUSINESS RESCUE
Business Rescue