Initiating compulsory sequestration: What must a creditor prove?
The Insolvency Act 24 of 1936 (“the Act“) provides a legal mechanism for the sequestration of a debtor’s estate where the debtor is unable to satisfy their financial obligations. Sequestration may be effected voluntarily by the debtor or compulsorily at the instance of a creditor. This article focuses specifically on the legal requirements that a […]