Are there any disadvantages to Sequestration?

Are there any disadvantages to Sequestration?
  • Losing control of assets, such as your home and car, is a possibility.
  • Sequestration will be noted on your credit file for a period of time, which is dependent on certain factors determined by credit agencies and how creditors view the information.
  • Your sequestration can be viewed in the public Register of Insolvencies.
  • Your job may be affected if there are restrictions written down in your contract of employment regarding sequestration
  • You won’t be able to act as director of a company