Persistent levy defaults place an enormous financial burden on a body corporate, ultimately leaving other owners to carry the cost. But what happens when the usual debt collection processes have been exhausted and the arrears continue to mount? Is sequestration an option?
Can a body corporate sequestrate an owner who refuses to pay their levies? Is there a minimum amount that must be owed, what does the law require, and when does it make commercial sense to pursue insolvency proceedings?
Join WIST for an engaging and practical discussion exploring the legal and commercial realities of sequestration and liquidation as debt recovery mechanisms. We will examine the requirements of the Insolvency Act, the landmark Body Corporate of Empire Gardens v Sithole judgment, the importance of proving an advantage to creditors, and what actually happens to an owner’s property once a sequestration order is granted.
Most importantly, we will consider when this is a viable remedy for trustees and when the costs and complexities may outweigh the potential benefits.
An important conversation for trustees, managing agents, attorneys and all those responsible for protecting the financial wellbeing of community schemes.
This webinar will take place on Thursday, 19 November 2026.
Book for this webinar here
THANK YOU TO OUR INCREDIBLE SPONSORS:
WeconnectU offers the most advanced end-to-end body corporate and HOA management solution that addresses all core business processes of professional community management. We help property managers overcome their greatest challenges: Compliance, manageability, scalability, profitability, and empower them to create optimal efficiency and complete transparency. WeconnectU – Transforming the Property Management industry. www.weconnectu.co.za