who we are
Senator Group (Pty) Ltd is a private company who started in 1996, specializing in Voluntary Surrender of Estate. The company has highly qualified and experienced personnel who are fully trained to handle any situation in each division of our business. Our company successfully handles 350 cases per year.
Our Purpose Unveiled
At our core, we believe in empowering you through expert support in Voluntary Surrender of Estate, making the process clear and simple.
We understand that financial challenges can feel overwhelming. That’s why our dedicated team is here to guide you every step of the way. We listen carefully to your concerns and provide expert advice on how to effectively manage your creditors.
Transparency is at the core of our approach, helping to build trust and confidence in the decisions you make. Our mission is to transform your difficult situation into one that’s more manageable, offering you the peace of mind you deserve.
Together, we can navigate this journey and work towards rebuilding a brighter financial future. Let us be your trusted partner in success.
How We can Help?
Our goal is to educate consumers about the various options available to them under the law, whether through the Insolvency Act or the National Credit Act. We are committed to working in the best interest of struggling consumers.
what is….
Voluntary Sequestration is the voluntary surrender of your estate (financial affairs) to the Master of the High Court under the management of the Insolvency Act 24 of 1936.
It is an application brought before the High Court of South Africa by an attorney in collaboration with an advocate, on behalf of the debtor, which ultimately allows the debtor (the applicant) to have up to 80% of their debt written off. This serves as a final resort to escape insurmountable debt that has accumulated due to circumstances beyond their control.
Sequestration is the process by which a debtor who has become insolvent (i.e., whose liabilities exceed their income) can obtain the legal status of insolvency, enabling them to benefit from that status.
The debtor is relieved of further obligations to pay creditors as per the original agreement with the creditor, and the creditor’s claims are concluded once they have received their share from the insolvent estate.
