Insolvent Estates

L11. Insolvent Estates

The sequestration process involves a Court Application. The Applicant in the Application is either yourself for your own sequestration (voluntary surrender) or the Applicant is one of your creditors (either a friendly or aggressive creditor). The applications are similar and although there are some different requirements for each, the result is the same. 1. Voluntary surrender Voluntary surrender...

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