What you should know about the sequestration process:
The surrendering of your estate in terms of the Insolvency Law entails an application instituted in the High Court. This application may be applied for by persons who are no longer able to pay their Debts due to circumstances out of their control.
Voluntary sequestration enables you to live a normal life, where you are not plagued by arrear debts with high interest rates. You will have no more fears that creditors will phone you day and night from “private numbers” and you can answer your calls fearlessly. The Sheriff may no longer hassle you!