Your Body Corporate and Arrear Levies: To Sequestrate or Not To Sequestrate?

As a Body Corporate trustee you will understand how important it is to collect arrear levies from defaulting owners. And of course as a section owner you have a personal stake in the process. When normal debt collection processes fail, what do you do?
Sometimes it makes sense to apply for the debtor’s sequestration (just the threat of that has been known to scare even the hardiest of debtors into paying up!) – but beware the ‘danger of contribution’.
We discuss what that… …read more