The peace of mind sequestration service 078 263 3548 info@ursulagouws.co.za

Ursula Gouws Consulting

Here to give you affordable advice and financial coaching while managing your sequestration.

Going through a sequestration without assets or with assets can be a daunting and harrowing chapter in your life. With experienced financial coaching and the right coaching on the management of your personal finance, however, it doesn’t have to be.

 

So what happens if you find the need for declaring insolvent?

  • Our team can assist you anywhere in South Africa with your sequestration and personal coaching. It doesn’t matter where you are or where we are – we are always just a phone call, email, or online meeting away.

  • We are a well-oiled team that fully understands the situation you are in regardless of whether it’s a sequestration without assets or with. Taking care of your debt is our job, but taking care of you is our passion.

  • We will ultimately assist you through your personal sequestration process so that you can become debt-free and live your life to the fullest again.

  • We make the process easy by providing clear and concise advice and coaching. You have the reassurance of us being with you every step of the way so you are never left in the dark as to what is happening or why it is happening.

  • As we know how stressful this time can be, we have also made sure that as little stress as possible is added by not only providing the best financial coaching but also making it easily affordable.

  • Don’t hesitate and don’t keep stressing as you try to come up with solutions all by yourself, you don’t have to go down this road alone – have a chat with us, no matter your situation, before deciding if sequestration is the best choice for you right now.

Our Services

Insolvency and Sequestration

Insolvency by itself does not mean you have to undergo sequestration. In everyday terms, insolvency means an individual cannot pay his/her debts. Such an individual could seek debt counseling and financial coaching to manage their situation of financial difficulty. In legal terms, insolvency means the debtor’s liabilities exceed his/her assets and the individual is in financial distress. If you meet the requirements for legally declaring insolvency as an individual, you can request to be placed under an order of sequestration by the court. If the court is satisfied with the proof of insolvency provided, a sequestration order will be issued.

Sequestration is the legal situation in which an individual’s estate is surrendered to the High Court because debts cannot be paid. Only the High Court can grant a sequestration order, and it is not be confused with a company or closed corporation that is insolvent, as that can be placed under liquidation by magistrate’s and regional courts. Sequestration has to do with the individual in his/her own capacity. Sequestration can be entered into voluntarily or it can be forced. In instances where you have a large amount of debt, which is going to take more than 5 years (excluding your home loan) to pay back, sequestration may be a better option for you than debt review or debt management. A creditor can force an individual to be placed under sequestration when they can prove the individual’s insolvency and apply to the court. Regardless of the method through which the individual is placed under sequestration, an Insolvency Practitioner will need to assist the insolvent debtor and/or the creditors through the sequestration process.

Sequestration Process

What is Unsecured Debt?

Debt Settlement Options

So what happens if you find the need for declaring insolvent?

Insolvency and sequestration is a specific life event that has a long-lasting effect. Each person has a different experience and most people will navigate their way through feelings of inadequacy, failure, and shame. If the process is handled correctly and with the right sequestration coaching, they will learn coping skills and slowly heal from the experience. For some people, the process can take years and be very stressful. It is not a process that one should try to handle alone and having a stable support system is absolutely crucial. This support system should include your Insolvency Practitioner and Sequestration Coach.

We at Ursula Gouws Consulting offer specific coaching and consulting for those in financial difficulty or financial distress and for whom sequestration has become the only option to settle debt. Our advice is tailored to help you move through the emotional process faster and start your life after sequestration and the financial future that you have worked so hard for. Ursula is a trained Life and Business Coach that has personally been sequestrated twice – she knows that there is indeed a beautiful, debt-free life after sequestration. There is no judgment or lack of understanding when you talk about your experience. With the proper infrastructure and support we provide, we take care of the person, not only the debt.

Coaching sessions are only as long as you need with a follow up to complete the process.

Get in touch to see how we can assist