question archive The sequestration of a person's estate usually has considerable negative consequences for both the insolvent and his creditors
The sequestration of a person's estate usually has considerable negative consequences for both the insolvent and his creditors
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The sequestration of a person's estate usually has considerable negative consequences for both the insolvent and his creditors. Sometimes, however, it is possible to reduce the negative consequences by means of a contract between the insolvent and his creditors.
Explain to your client, who was sequestrated, what this type of contract is called, what he must do to enter into such a contract and the effect of the contract.
