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Nanika Prinsloo is a sole practitioner who has a passion for helping people better their lives. She believes that knowledge is power and gladly conveys such to people so that they can understand debt better. "If people knew their rights, they would loose their fear, they will make better decisions and they will be able to free themselves of being bullied by creditors. I go to great lengths to teach people as much as possible about what I know so that they can go through life with confidence".
Nanika studied at the University of the Free State (B Proc) and was admitted as an attorney in 1995. She is also a Conveyancer, with a special interest in the SMME's, as she believes that we historically come from a nation who was honed to be employees rather than entrepeneurs. Due to circumstances, most of us were either forced to or had a big desire to own our own businesses, yet we were not educated to be entrepeneurs. SMME's are the backbone of the economy and Nanika feels in stressful financial times they take the hardest financial knock. She therefore makes an effort to seek out such clients who experience financial problems, as most SMME's do as a result of the recession and South Africa's unique circumstances.
Nanika practices as Prinsloo and Associates in Western Cape. |
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Important information on insolvency
"I can’t really think of any disadvantages to sequestration. THE INSOLVENT ALWAYS WINS. The only inconvenience is that it is expected of the insolvent to throw his assets, if he has any, in the “kitty” so that it can be sold to pay the creditors. That is the sacrifice that is required of the debtor. Given the circumstances, it is a small sacrifice to make as you can purchase back assets from the curator. Assets (except for immovable property) are valued by an estate valuer and it is valued at second hand prices."
Nanika Prinsloo, Attorney
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