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 Can I be declared insolvent even if I can pay the money owed ?

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T O P I C    R E V I E W
Sebatane Posted - 04 February 2014 : 22:42:27
Can I declared insolvent even if I can pay the money owed can they sell my property ofR800000 for owing R21000
3   L A T E S T    R E P L I E S    (Newest First)
Blackie Posted - 05 February 2014 : 12:45:59
Hi Sebatane

Certainly not in this country because from what you are saying, you are not Insolvent. However the currency to which you refer is obviously not UK sterling and your country will have different Insolvency laws. We need to know the country in which you live.

For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
Niobe Posted - 05 February 2014 : 08:03:07
I wonder if it could be South African Rand?

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant


Viki.W Posted - 05 February 2014 : 07:35:24
Hi,

Have you spoken to the creditor to pay what you owe?

What country are you in?

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp

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