What Is Sequestration Order?

What Is Sequestration Order?

A court order authorizing the seizure of personal property, or the rents or other income from real property,to be kept in safety under court supervision pending the outcome of litigation between the parties.

What is the sequestration process?

The sequestration process entails legal proceedings whereby an applicant applies to be declared bankrupt or where a creditor applies to the court with the help of attorneys to have a debtor be declared bankrupt.

What happens after sequestration order?

Once a sequestration order is granted, the insolvent is divested of his estate which means his estate shall vest in the Master of the High Court UNTIL a trustee (provisional or final) has been appointed to take charge of his estate.

David Miller
Author

David Miller

David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.