Statutory moratorium on diligence
Where a statutory demand or charge for payment has been served and expired, and your client has not responded, but no proceedings have yet been started, you may consider applying for a statutory moratorium on diligence.
The moratorium stops any bankruptcy proceedings against your client and specifically the presentation of a petition for your client’s sequestration.
1s197(3)(c) B(S)A 2016You then have six months to work out a suitable debt solution for your client without the fear of a petition for sequestration being awarded.