Questions on Insolvency

If you have any Questions on Insolvency please contact us first. We have been answering question on insolvency since 1999 and we consider ourselves to be the industry leaders in the practice area.

Remember that your first consultation with us is always FREE

If you have any questions about insolvency, sequestration, voluntary surrender of estate, liquidation, rehabilitation or business rescue, please let us know

We have a dedicated website for Insolvency and if you would like to read more about it please search for “insolsure” on Google

If you have more debt that you can afford to pay and debt counselling is not an option, why not consider insolvency

Thank you for assisting us with our debt problems. Your reduced repayment plan saved us. Thumbs up!!

Peter van Tonder, Pretoria

No more calls from creditors and spare money at the end of the month. I am glad I decided on Debt review

Jane, Viljoen

My car was about to be repossessed and you stop it. Thank you for your fast and friendly service

Mandla Rakgatha, Soshanguve

Baie dankie vir julle vinnige en professionele hulp. Ek kan nou weer asem haal terwyl ek weet my skuld word betaal.

Cindy Malherbe, Witrivier, Mpumalanga

I did not know where to turn to. Debt was swallowing us. Thank you for assisting us so fast

Collin Swart, Benoni

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Insolvency applications since 1999
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Preventing repossession applications since 1999

Questions on Insolvency South Africa

Insolvency applications have many costs involved of which most of them is paid for by the application itself. You will have to pay a initiation fee of R6000 for us to start your application.

When you have paid your initiation fee, we can advertise your intention to apply for insolvency in the Government Gazette. If this notice is published you will have a court date in about 4 weeks. You do not appear in court. Once published, you are provisionally sequestrated. If the court order is granted you are finally sequestrated

All legal action stops once the Gazette notice appears. However Garnishee orders can only be stopped once you are finally sequestrated

Depending on a few factors the insolvency status can range from a couple of months to a few years but never longer than 10 years.

If you contribute the minimum favor to creditors you can apply for rehabilitation 4 years after the Master of the Court confirmed your Liquidation and Distribution (L&D) account

If your contribution is more than 50% you can apply immediately after your L&D account is confirmed

If you do not apply for rehabilitation, you will be automatically rehabilitated after 10 years

We will not sell your assets to generate money into your estate. We will value your household assets and you will pay the money needed to provide favor to your creditors monthly, interest free, over a period not exceeding 23 months

All your assets that is secured debt (like houses and vehicles) must either be sold, if there will be a profit, or returned to the financing bank

It has happened in some cases that the vehicle finance institutions agreed to keep the account and that the insolvent may opt to still pay that account outside of the insolvent estate. This way the vehicle can be kept. There is no guarantee for this though

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