Voluntary sequestration

Voluntary Insolvency Legal Consulting

At Voluntary Insolvency Legal Consulting, we provide expert solutions for your voluntary sequestration challenges. Trust our dedicated team to guide you through every step.

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    Our Commitment to Your Financial Well-being

    VI Legal Consulting is dedicated to navigating the complexities of insolvency for our clients. Our tailored financial plans are designed to address individual challenges and empower clients towards sustainable solutions. We prioritise thoroughness and precision over speed to ensure each client receives the best possible outcome.

    Our team consists of experienced legal consultants specialising in insolvency matters. With a diverse range of expertise, we collaborate closely to develop effective strategies for our clients. Together, we uphold the highest standards of confidentiality and professionalism throughout the entire process.

    What Does
    Voluntary Surrender
    Mean?

    Voluntary Surrender is the legal process of voluntarily surrendering your financial estate to declare bankruptcy. It allows individuals to address overwhelming debt by transferring their assets to pay off creditors, ultimately providing a fresh financial start. This process is designed to help those who are factually insolvent—where liabilities exceed assets—regain control over their financial situation.

    Specialised Sequestration Services

    Discover how our tailored sequestration services can address your unique financial challenges with expert guidance and support.

    Expert Guidance

    Receive professional advice on navigating your insolvency. Our experts provide the clarity you need for your financial decisions.

    Detailed Financial Analysis

    We conduct thorough analyses to understand your financial landscape. This assessment forms the backbone of our tailored strategies.

    Professional Document Preparation

    Receive meticulously prepared legal documents for your insolvency process. We handle all the paperwork for you.

    Court Representation

    We represent your interests in court, advocating for the best possible outcomes. Our team stands by you during critical hearings.

    Trustee Coordination

    We facilitate communication between you and your trustee, ensuring smooth proceedings. Count on us for support throughout.

    Creditors Claims Processing

    We assist with the processing of claims from creditors, protecting your rights and interests. Let us manage your claims effectively.

    Post Sequestration Support

    Our team offers an extensive amount of guidance in this journey, financial recovery is both our priority. Rebuilding credit post sequestration can be made easy with us every step of the way. Rehabilitation is the next step to becoming financially future independent.

    Specialised Sequestration Services

    Discover how our tailored sequestration services can address your unique financial challenges with expert guidance and support.

    Expert Guidance

    Receive professional advice on navigating your insolvency. Our experts provide the clarity you need for your financial decisions.

    Detailed Financial Analysis

    We conduct thorough analyses to understand your financial landscape. This assessment forms the backbone of our tailored strategies.

    Professional Document Preparation

    Receive meticulously prepared legal documents for your insolvency process. We handle all the paperwork for you.

    Court Representation

    We represent your interests in court, advocating for the best possible outcomes. Our team stands by you during critical hearings.

    Trustee Coordination

    We facilitate communication between you and your trustee, ensuring smooth proceedings. Count on us for support throughout.

    Creditors Claims Processing

    We assist with the processing of claims from creditors, protecting your rights and interests. Let us manage your claims effectively.

    Post Sequestration Support

    Our team offers an extensive amount of guidance in this journey, financial recovery is both our priority. Rebuilding credit post sequestration can be made easy with us every step of the way. Rehabilitation is the next step to becoming financially future independent.

    The Sequestration Process

    Process To Your Financial Freedom

    1

    Assessing Your Financial Situation

    Completing out an application form will give our insolvency practitioner the relevant information to declare if you are truly insolvent. We will work together to find the best plan suited for our clients offering the best way forward and investigated under the national credit act. This step is the most important as this determines if you can sequestrate.

    2

    After Declared Insolvent

    Continuing with your application for sequestration after declared insolvent becomes our duty in ensuring no creditor hassles. This step ensures every client of ours fall under the Insolvency Act 24 of 1936 while we carry out all legal proceedings.We will draft a statement with your list of creditors and benefit to creditors ensuring that all debt is settled.

    3

    Court Proceedings

    Passing on to us the struggle of this financial restrain in exchange for your financial freedom is of precedence. We handle all legal proceedings and court documentation on your behalf ensuring your case gets approved. This being a benefit to our client, we do all representation of your case to the court on your behalf.

    4

    Granted Application

    All communications will be done through us between your court appointed curator for the settlement of your debt over a period of 18-24 months or an auctioneer if needed to manage the insolvent estate recovering money from your assets Once your benefit to creditors are settled in this sequestration process, we help you through the process of rehabilitation giving you the full benefit of sequestration, and that is being debt free12

    The Sequestration Process

    Process To Your Financial Freedom

    1

    Assessing Your Financial Situation

    Completing out an application form will give our insolvency practitioner the relevant information to declare if you are truly insolvent. We will work together to find the best plan suited for our clients offering the best way forward and investigated under the national credit act. This step is the most important as this determines if you can sequestrate.

    2

    After Declared Insolvent

    Continuing with your application for sequestration after declared insolvent becomes our duty in ensuring no creditor hassles. This step ensures every client of ours fall under the Insolvency Act 24 of 1936 while we carry out all legal proceedings.We will draft a statement with your list of creditors and benefit to creditors ensuring that all debt is settled.

    3

    Court Proceedings

    Passing on to us the struggle of this financial restrain in exchange for your financial freedom is of precedence. We handle all legal proceedings and court documentation on your behalf ensuring your case gets approved. This being a benefit to our client, we do all representation of your case to the court on your behalf.

    4

    Granted Application

    All communications will be done through us between your court appointed curator for the settlement of your debt over a period of 18-24 months or an auctioneer if needed to manage the insolvent estate recovering money from your assets Once your benefit to creditors are settled in this sequestration process, we help you through the process of rehabilitation giving you the full benefit of sequestration, and that is being debt free12

    Voluntary Sequestration
    With or Without Assets

    The Act of Voluntary Surrender

    Voluntary sequestration is the legal process of surrendering your financial estate to declare bankruptcy.

    Without Assets

    Tailored solutions will be created based on your financial situation, provided all requirements are met. We offer interest-free payment plans that adapt to your lifestyle, ensuring all creditors and fees are paid over time.

    With Assets

    If payment plans cannot be met, surrendering your assets becomes the next step. This process allows you to regain your life without the burden of debt, enabling you to pay off all creditors and fees and become debt-free.

    Why You Should Sequestrate?

    01

    Learn the difference between ‘’needs’’ and ‘’wants’’

    02

    If vehicle instalments are on track, appointed curator may negotiate for a lease agreement

    03

    No need to appear in court yourself

    04

    A confidentiality policy will be kept between your creditors and you- you will not get dismissed from your work

    05

    If vehicle instalments are on track, appointed curator may negotiate for a lease agreement

    06

    Your salary and other income are your own and you will not have to pay your creditors

    Voluntary Sequestration Requirements

    Factual Insolvency: Your liabilities must exceed your assets.
    Asset Sale Requirement: You must be able to cover 20 cents on the rand (20c/R) through the sale of your assets.
    Coverage of Costs: Your assets should cover sequestration costs, legal fees, and provide a benefit to creditors

    Why Choose
    Voluntary Insolvency Legal Consulting?

    We offer extensive legal expertise and in -depth support through your sequestration process maintaining your confidentiality every step of the way, your financial stability is our priority!
    We manage your financial future

    Expert Guidance

    Our team of legal experts is here to provide you with the most comprehensive understanding of the insolvency process, ensuring you make well-informed decisions.

    Confidentiality Guaranteed

    Your privacy is our priority. We handle your case with the utmost discretion, ensuring that your information remains confidential and secure.

    Tailor-Made Financial Plans

    We believe in personalised care, crafting financial strategies that are unique to your situation for optimal relief and recovery.

    Post-Sequestration Support

    Our commitment to your financial health doesn’t end with your sequestration. We provide ongoing support to help you stabilise and rebuild your financial future.

    What Our Clients Say

    Read testimonials from satisfied clients who have successfully navigated their financial challenges with our help.

    Sequestration Insights

    Explore Sequestration Insights for expert advice and informative articles on voluntary sequestration.

    Positive Effects of Sequestration

    Positive Effects of Sequestration

    Sequestration can seem like a daunting option, but for individuals struggling with substantial debt, it offers several positive benefits that can create a path to financial freedom. From reducing debt to eliminating creditor harassment, sequestration can provide…

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    The Negative Effects of Sequestration

    The Negative Effects of Sequestration

    Sequestration can offer a solution for individuals facing overwhelming debt, allowing them to legally declare insolvency and start fresh. However, sequestration also comes with significant drawbacks that impact your financial freedom and career opportunities. Before deciding, it’s…

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    How to Clear Your Name After Sequestration

    How to Clear Your Name After Sequestration

    If you’ve recently gone through sequestration, you’re probably eager to understand the path to a clear credit record and financial independence. While sequestration offers a fresh start by relieving debt obligations, it also places restrictions on credit…

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    Frequently Asked Questions

    Start Your Journey Today

    Contact us now for a personalised consultation and take the first step towards a financially sound future.

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