INSOLSURE. INSOLVENCY, SEQUESTRATION, LIQUIDATION AND IN PRETORIA
The application known as voluntary surrender of estate is a legal process whereby the applicant seeks on order of the High Court to be declared insolvent. The test for insolvency is as follows. Your total value of your assets must be less than the total value of your debt If you are declared insolvent your estate will vest in the hands of the Master of the High Court Curators will be appointed to meet with your creditors and claims need to be proved. The liquidators will also administrate your insolvent estate
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