Here are the advantages:

  • You will legally walk away from at least 80% of your debt.
  • If you have any judgements against you that are valid for thirty years, these fall away. This means that once your application for sequestration has been granted your credit record will be cleared. In other words you can start over.
  • You get to keep your moveable assets.
  • You will have an affordable monthly repayment plan.
  • You no longer need to worry about having a garnishing order placed on your salary as this is removed.
  • Your attorney will handle your creditors so you no longer have to deal with them.
  • Your attorney’s appointed advocate will appear in court on your behalf.
  • You will get a clean slate and ultimately regain financial stability.
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