South African Insolvency Law: Voluntary Surrender & Sequestration Thabo Xulu is a self-employed carpenter who has fallen on hard times. Over the past two years, he has accumulated debts totalling R350,000 from various creditors. Thabo has no steady income, and his only assets are his carpentry tools (valued at R25 000) and some basic household furniture (valued at RlO 000). Desperate for a financial “fresh […]
