SEQUESTRATION FREES YOU FROM DEBT
The sequestration order means creditors cannot attach your assets or your salary.
As soon as a sequestration order is granted, no creditor may take any legal action against you.
This means almost immediately your cash flow improves as you don’t have to pay any debt.
WHEN CAN YOU SEQUESTRATE
You can sequestrate with or without a house as long as you can fulfill the legal requirements.
The legal requirement is either an asset or 20% cash of the total of your debt.
HOW SEQUESTRATION WORKS
no creditor may take any legal action against you and any legal action taken is suspended.
That which a creditor does not get paid must be written of and it can never be claimed from you.
EFFECTS OF SEQUESTRATION
Your financial position should improve almost immediately.
You cannot be a director of a Company or a member of a Trust, but we will advise you on how you can overcome this.
NO MORE CREDITORS TO DEAL WITH
Up to the point where the curator is appointed, we will communicate with your creditors.
This should bring an end to the endless calls and pressure almost immediately.
WHAT ARE THE NEGATIVE EFFECTS OF A SEQUESTRATION ORDER?
Any negative effects that may exist, can be overcome.
We will advise you on this if such a problem arises.
CANNOT BE A DIRECTOR
There are ways to legally overcome this problem.
We will advise you on this during our consultation.
CANNOT GET CREDIT
If you have to sequestrate your credit record is probably negative in any case.
CANNOT OWN A TRUST ACCOUNT
You can still practice but not with a trust account.
There are ways to overcome this problem.
SEQUESTRATION IS A NEW BEGINNING
Once you are rid of your debt, you can manage your financial affairs differently, as all your money is your own.
YOUR ENERGY COMES BACK AFTER SEQUESTRATION
You are not imploded any longer because of the stress.
YOU SLEEP AT NIGHT WHEN SEQUESTRATED
No more worrying as there is no more debt to pay. You can sleep soundly.
YOUR CASH FLOW IS BETTER
You can apply your money for your own needs not pay it to your creditors.
ALL DEBT IS WRITTEN OFF
All debt incurred up to date of a sequestration order is written off.
YOU REFER CREDITORS TO THE CURATOR
Any calls you get are referred to your curator with a smile.
Let Us Work Together
We are lawyers who are on your side and who make sure that you are fully informed. We also give online legal advice.