'The only man who sticks closer to you in adversity than a friend is a creditor.' (Evan Esar) Body corporates face a familiar problem. Owners fall into arrears. Levies go unpaid. Legal costs mount. The temptation is to reach for the most forceful remedy available. Sequestration may seem like that remedy. If an owner will not pay, why not have them declared insolvent? A recent Gauteng High Court judgment offers a clear warning. A body corporate sought the sequestration of a un

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