Should You Consider Voluntary Insolvency?

When you're under financial pressure, voluntary sequestration may be a potential route—but knowing the benefits and risks is essential.

Peace of Mind

Voluntary liquidation can help stop collection calls, offering significant emotional and mental relief.

Clear Path Forward

Instead of chaotic repayment, voluntary sequestration gives you a structured, legal framework to settle your obligations transparently.

Surrendering Management

One key risk is handing over financial control to trustees during voluntary sequestration, which may limit your influence over asset distribution and decisions.

Effect on Employment and Business

Voluntary sequestration may affect professional roles, especially in finance or directorship positions, and might restrict business operations.

It's Not the Only Option

Debt review, consolidation, or informal settlements may also help, and should be considered before finalizing voluntary insolvency.