Sequestration 2018-02-21T13:02:46+00:00

SEQUESTRATION

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SEQUESTRATION FREES YOU FROM DEBT

A sequestration order prevents creditors from taking legal action against you to collect 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 apply for a sequestration order at any time, even if you are under debt review.  

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

Once the Court has granted a sequestration order,

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

For starters you are debt free as soon as the court order is granted. 

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.

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.

NO MORE CREDITORS TO DEAL WITH

Your creditors must communicate with the curator.

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?

In my opinion there aren’t any negative effects of sequestration that really affect your life.

Any negative effects that may exist, can be overcome.

We will advise you on this if such a problem arises.

CANNOT BE A DIRECTOR

After sequestration one cannot be a director of a company or a member of a CC.

There are ways to legally overcome this problem.

We will advise you on this during our consultation.

CANNOT GET CREDIT

Credit got you in the mess in the first place, so this is probably good.

If you have to sequestrate your credit record is probably negative in any case.

CANNOT OWN A TRUST ACCOUNT

Some professions need trust accounts.

You can still practice but not with a trust account.

There are ways to overcome this problem.

SEQUESTRATION IS A NEW BEGINNING

A sequestration order helps you to restructure your life so that you can live a free financial life.

Once you are rid of your debt, you can manage your financial affairs differently, as all your money is your own.

LIVE DEBT FREE

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