Debt

When we speak about debt, we should differentiate between options afforded to individuals and businesses’ when they experience problems with debt.  It can be summarised as follows:

Individuals

Administration Proceedings
Debt Review Proceedings (no self employed persons)
Sequestration 
Insolvent Estates

Businesses

Liquidation / Curatorship
​Business Rescue Proceedings
Debt Consolidation 

Each of these options has an array of factors to consider, do not make the mistake of not consulting with one of our professionals free of charge.