Creditors have better Memories than Debtors: What happens at the sequestration of a Debtor’s estate?

Creditors have better Memories than Debtors: What happens at the sequestration of a Debtor’s estate?

The highlight of the sequestration process is to make provision for a “collective debt” collecting process that will ensure a fair distribution of the debtor’s assets in circumstances where these assets are insufficient to satisfy all the creditors’ claims. This is to...