Wednesday, 11 June 2014

Sequestration a definition. - Sequestration in South Africa l Sequestration Durban l Sequestration Kwa Zulu Natal l Sequestration Durban North l Sequestration Durban South l Sequestration South Coast

Sequestration Definition

Incoming search terms:
sequestration, insolvency, south africa, Kwa Zulu Natal, debt, debt relief, debt review, debt counselling,
sale in execution, property auction

Sequestration is a legal process by which you are declared insolvent by an order of the High Court of South Africa. Sequestration is not Debt review or Debt Counselling. The effect of a sequestration order is that your debts (in layman's terms) are written off. In legal terms, your debt vests on a Trustee, that needs to sell your assets and distribute the proceeds according to the Insolvency Act, Act 24 of 1936. Sequestration stops all legal action like garnishee orders and sale in executions.

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I am able to consult on the following matters:
1) Insolvency applications.
2) Debt assessments.
3) Debt Mediation in terms of the National Credit Act.
4) Removal of debt review, administration orders, and salary attachments/garnishee orders.
5) Credit profile clearance.
6) Any matter related to debt or debt collection where you feel you are being harassed or treated unfairly.
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1) Landlord / Tenant Disputes
2) Blacklisting of bad payers
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4) Drafting of Agreements
5) Advice

1) Trust registrations.
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2) Buying a property, getting a home loan.
3) Second bonds.
4) Alternative property finance.
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When you are owed money, whether you are a person or business.
1) Debt collection for individuals.
2) Debt collection for business or Commercial debt collection.
3) Black listing or Default listing of debtors.
4) Debtors management.
5) Credit policy audits.
6) Debtor tracing.

1) Verification of criminal records for employment or private use.
2) Removal of criminal records.


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Paralegal Practitioners cannot be held liable for any investment/legal decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Eugene Prinsloo disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site/email in any manner. 

What our clients say

What our clients say...

" you literally saved my life, I was paying more than R8000 per month on debt counselling, now more than 80 % is legally written off and the balance I can pay off at R1700 per month. Thank you, thank you, thank you"
Steven from Durban vgl

"For 3 years I have been under debt counselling and my debt just increased. In 90 days my debt was wiped out and I could make a fresh start. Thank you Eugene"
Louise from Kempton Park

"I had more than R300 000 in debt. Now I have zero"
Thato from Durban

"On debt review by debt kept increasing, now I have a consolidated reduced debt that I can settle in easy monthly installments.
JP Smit Kempton Park

"Ek het my huis en kar verloor en die bank het nog steeds betaling gesoek. Sekwestrasie het dit gestop"
Danie Pretoria