Insolvency & Sequestration Attorneys Nelspruit | N&V Inc.
Insolvency · Nelspruit

Insolvency and sequestration attorneys in Nelspruit.

When debt becomes unmanageable, you need clear advice on your real options, not pressure. We guide individuals and businesses through sequestration, liquidation and the road back to financial stability.

Request a consultation → Call 013 110 0341
Insolvency

Clear options when debt takes over.

Your attorneyIzak NeethlingDirector · Attorney & Notary

Admitted as an attorney and notary in 2014 and practising in Mbombela since 2015.

Meet the directors →

Insolvency is not always the only answer, and it is not always the wrong one. We look at your full financial position and explain the options available, from negotiating with creditors and debt review to voluntary sequestration or, for companies, business rescue and liquidation.

Once a route is chosen, we handle the legal process, deal with creditors on your behalf and help you plan for rehabilitation so you can start again.

How we help

What we handle.

i

Voluntary sequestration

Applications to surrender your estate where your debts exceed your assets and sequestration will benefit your creditors.

ii

Corporate insolvency and liquidation

Advice to directors and companies on liquidation, protecting stakeholders and meeting director duties.

iii

Business rescue

Assessing whether a struggling company can be saved through business rescue instead of liquidation.

iv

Creditor negotiations

Negotiating settlements and payment arrangements with creditors to avoid insolvency where possible.

v

Rehabilitation

Applications for rehabilitation after sequestration so you can restore your financial standing.

vi

Acting for creditors

Sequestration and liquidation applications against debtors who cannot or will not pay.

How your matter moves forward.

A director handles your matter personally and keeps you informed at every stage.

01
Review your finances

We look at your assets, debts and income and explain every option honestly.

02
Choose the route

Negotiation, debt review, sequestration, business rescue or liquidation, depending on what serves you best.

03
Handle the process

We run the legal process, deal with creditors and guide you towards rehabilitation.

Questions

Frequently asked questions.

General information only, not legal advice on your specific matter. For advice on your situation, speak to one of our directors.

What is voluntary sequestration?+
It is a court application in which you surrender your estate because your debts exceed your assets. A trustee is appointed to sell your assets and distribute the proceeds to creditors. The court must be satisfied that sequestration will be to the advantage of your creditors.
What is the difference between sequestration and debt review?+
Debt review is a process under the National Credit Act where a debt counsellor restructures your repayments, and you keep your assets. Sequestration is a court process where your estate is handed to a trustee. Each has different consequences, and we help you compare them.
How long does insolvency last?+
Rehabilitation happens automatically ten years after sequestration. In certain circumstances you can apply to court for rehabilitation much earlier. We advise you on when and how.
What can I keep if I am sequestrated?+
Certain essential items, such as basic household furniture, tools of trade and some insurance benefits, are protected within limits. Most other assets vest in the trustee. We explain what applies in your case before you decide.
Can my company be saved?+
Sometimes. If there is a reasonable prospect of rescuing the company, business rescue may be an alternative to liquidation. Directors of a company in financial distress have specific duties, so get advice early.
Related

Other practice areas.

Practice areaDebt CollectionLearn more → Practice areaCompany LawLearn more → Practice areaCommercial & General LitigationLearn more →
View all practice areas

Don't wait, get in touch.

Tell us briefly what your matter concerns and a director will come back to you.

Get in touch →013 110 0341