Petitions for sequestration
5CF1Money advice
1
An application for the sequestration of a living debtor’s estate may not be made unless the debtor has obtained from a money adviser—
a
advice on the debtor’s financial circumstances,
b
advice on the effect of the proposed sequestration of the debtor’s estate,
c
advice on the preparation of the application, and
d
advice on such other matters as may be prescribed.
2
In this Act, “money adviser” means a person who—
a
is not an associate of the debtor, and
b
is of a prescribed description or falls within a prescribed class.