Are you having sleepless nights worrying about how you will be able to make payment to your creditors? Are you avoiding answering your phone for fear of speaking to loan sharks, debt collectors, or maybe even the sheriff? Not able to concentrate on earning an income or moving forward with your life because of financial restraints? Read this article to find out if sequestration is an option for you. Broadly speaking, being “ insolvent ” means that your liabilities exceed your assets. Should you find yourself in this unfortunate situation, you can make an application to the high court, with the necessary jurisdiction, for the voluntary surrender of your estate, provided that you meet certain requirements: You need to have enough realisable assets (or cash) to pay the administration costs in respect of your sequestration and at least 20 cents in the Rand to defray creditors. If the court is satisfied that: 1. there are enough funds in your estate to cover th