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Sequestration Basics: How Does Bankruptcy Work

Individuals facing insurmountable debt have legal options to relieve their financial burden, with sequestration and bankruptcy among the most notable. Understanding these processes is essential for anyone considering them to solve financial distress. This article provides a basic overview of sequestration and bankruptcy, highlighting their key aspects and how they work. What is Sequestration?Sequestration is…

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Sequestration, Administration and Debt Review Compared

Sequestration some salient points: Administration, some salient points: Debt Review, some salient points: • High Court procedure – more costly• Court grants only IF it is in the interests of your creditors – no guarantees:• Your assets must cover the debts• Associated costs of sequestration are paid out of your estate, i.e. bad for creditors.•…