Sectional title levy collection via Sequestration / Liquidation
In this day and time levy collection, on behalf of a body corporate, can be a lengthy and expensive exercise. Most body corporates are not in a position to allocate big amounts of money towards legal fees for these collections. An alternative is to liquidate or sequestrate the owner of the unit in question. This could be a cheaper solution to the body corporate as the attorney fees, in this regard, can be claimed from the insolvent estate and therefor the capital input, to execute liquidation or sequestration, from the body corporate, is minimal.
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