DEBT Free

The top 10 benefits of the voluntary sequestration process.
The voluntary sequestration process has many benefits which make it a viable option to debt counselling, debt review or debt consolidation (using debt consolidation loans). The benefits include:
#1. Get rid of creditors quickly and permanently.
You stop paying all creditors almost immediately, including the Receiver of Revenue. No more harassing creditors and debt collectors. You won’t even need to communicate with any of them as we will handle all further communications with your creditors. This can be done in as little as 3 weeks.

What’s more, an order of Court limits the amount of debt that your creditors can recover from you as part of the sequestration. This can be as little as 20% of the amount you owe them. You don’t have to make further payments to harassing creditors as the unpaid debts are written off and you are no longer liable to creditors.

#2. Keep your salary, other income and pension.
All garnishee orders against your salary get cancelled. Your salary or other income is your own to spend on the things you and your family need and to start saving for your future. No one can take that away from you. Your pension will also never be touched.


#3. Keep your job.
You will not lose your job. Your employer does not even need to know that you have been sequestrated…


#4. Stop legal action and attachment of your assets.
No more living in fear of a visit from the Sheriff as all legal actions against you are stopped and creditors may also no longer attach your assets. If your assets have already been attached, the sale in execution will be stopped and you may have the opportunity to get your assets back.


#5. You won’t lose all your assets.
Some assets (such as tools of your trade) are specifically safeguarded by law. Others (such as your furniture), you may be able to keep by agreement with the Curator (the person who is appointed by the Court to deal with your assets).


#6. Keep your car.
In certain circumstances, you may even be able to keep your car. However, you should not just assume that this will be the case.

#7. Stay in your house.
You may keep on living in your house without making any payment until the Curator is appointed (this may take up to 6 months). However, if you fail to pay your electricity and water, your municipality can still terminate these services.


#8. No need to appear in Court or deal with creditors.
You do not have to appear in Court at all, as an Advocate will appear on your behalf. You also don’t have to worry about dealing with creditors as all arrangements are made on your behalf by a Curator who is appointed by the Court to deal with creditors.


#9. Start a new life.
Voluntary sequestration enables you to regain normality in your financial affairs as you can adjust your lifestyle to live within your means, without having to worry about debt. In summary, you get a fresh start in life for you and your family, where you can plan for a new future, debt free!


#10. Get rehabilitated.
In most cases, you can apply for rehabilitation after as little as 4 years, ending any restrictions you may have had as an insolvent.



You will agree that these benefits are very attractive if you are looking for ways how to get out of debt fast.

Request a FREE telephone consultation
As with most things in life, the voluntary sequestration process does not only have benefits, but also some disadvantages. However, the disadvantages will vary from person to person and in most cases the advantages outweigh the disadvantages by far.

Request a FREE telephone consultation to get a detailed explanation of the process, benefits, disadvantages, cost and full ins and outs of the voluntary sequestration process. This will enable you to compare voluntary sequestration as an option against debt counselling, debt review or even debt consolidation (using debt consolidation loans).

One of our helpful consultants will call you at a time which is convenient to you.