Friendly Sequestration and its Controversial Nature in South Africa

Introduction "The only man who sticks closer to you in adversity than a friend is a creditor." - Unknown  Consumer debts are not a problem, they are one of the greatest dynamic factors in our economy, the issue arises when debtors are unable to pay what is due without having to seek professional help. Insolvency law is a common practice throughout the world because debt management is difficult for everyone. When a person is unable to pay their creditors it means that they are insolvent. In South Africa, only High courts can declare you insolvent. Once you are declared insolvent...
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June 2, 2022