Sequestration, Administration and Debt Review Compared

Sequestration some salient points: High Court procedure – more costly Court grants only IF it is in the interests of your creditors – no guarantees: Your assets must cover the debts Associated costs of sequestration are paid out of your estate, i.e. bad for creditors....

Beware! Upfront fees for credit repair are unlawful

Credit repair in South Africa has become a formidable industry. Only ten years ago, one needed an attorney to improve one’s credit record. Today there are dozens of so-called credit repair agencies and most do not employ attorneys, and many do not have any legal...