CAN CREDITORS TAKE YOUR ASSETS WHILE YOU ARE IN THE PROCESS OF SEQUESTRATION?
No, the Insolvency Act prescribes that your intention to sequestrate must be publicized by way of registered post to our creditors as well as by publication in the Government Gazette and a local newspaper. Once the publication has appeared in the Government Gazette and the local newspaper, no creditor is allowed to sell any of your assets, even if the execution process against you has gone so far that the Sheriff has attached your assets.
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