So would Asset Sequestration Work for You?
If this is your current situation:
1. Your debt exceeds your income and living expenses.
2. You are currently under Debt Review, but the installment is not low enough to make a significant difference to survive.
3. You have been terminated from Debt Review due to the fact that you could not afford the installments.
4. Your Debt exceeds your existing Asset value - Bankruptcy.
Asset Sequestration is a High Court application that allows you to write off 75% of your debt, the remaining 25% up to a maximum of R50,000.00 can be paid in cash.
The 25% capped at R50,000.00 can be paid in full into a Trust Account. We also offer the opportunity to pay this off over 6 months. We cannot go to court until the 25% is paid in full. Once the court order is granted you are debt free immediately. It will take 24-36 months to become credit worthy again.
Let us conduct a free, no obligation Sequestration Assessment to determine if you qualify. You will receive a copy of your credit report and a detailed Sequestration Assessment of how the process works, including costs and conditions. This is our pre-qualification process.
The Application Form to start the process will be sent to you once you understand fully how the Asset Sequestration process works and only after we have answered all questions to your satisfaction.
There are no upfront costs or charges and so you have nothing to lose by making an informed inquiry, which can only improve your financial well-being.