Your salary and other income is still your own and you do not have to pay any creditor.
Only your creditors are notified of the process and not your employer or any other person. You will not be discharged from your work because of it.
You will not have to attend Court.
Your curator can arrange with your financial institution (the bank) to keep your vehicle and if your instalments are up to date, to enter into a lease agreement. (Final decision remains with the financial institution)
It is of utmost importance to provide a 100% accurate list of all your creditors, to prevent unwanted red faces and difficult situations after sequestration.
Very important: FREEDOM
You and your family can start a fresh, a new beginning – without debt. You do not have to be afraid of unknown numbers on your mobile.
* Dependable on your ability to honor arrangements with the curator.