Insolvency is the state of being unable to pay the money owed to creditors or when being factually insolvent (Liabilities exceeds Assets value). To be sequestrated means that the Court intervenes by appointing a Trustee to manage your assets and liabilities.

Under current South African Insolvency Law, a person can be sequestrated either voluntarily or involuntarily.

Voluntary sequestration is the voluntary surrendering of your estate to the Master of the High Court under the governance of the Insolvency Act 24 of 1936, who will then appoint a Trustee to take control over the entire estate.

Involuntarily sequestration, sequestration by creditor.

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