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3BEDROOM FAMILY HOME KRAAIFONTEIN ADDRESS: 32 VLSI STREET, POTTSVILLE INSOLVENT ESTATE Y. M CASSIE & C CASSIE (MASTERS REFERENCE NUMBER: C001396/2021)INSOLVENT ESTATEONSITE AUCTIONAUCTION DATE: AUCTION
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How to fill out on-site insolvent estate auction

01
Visit the location of the insolvent estate auction.
02
Register as a bidder if required.
03
Inspect items carefully before placing any bids.
04
Listen to the auctioneer for item descriptions and bidding instructions.
05
Raise your paddle or hand to place a bid on an item you are interested in.
06
Wait for the auctioneer to announce the winning bid and the buyer of the item.
07
Pay for the items you have won either with cash, credit card, or other accepted forms of payment.
08
Arrange for transportation of the items you have purchased.

Who needs on-site insolvent estate auction?

01
Individuals interested in purchasing items from an insolvent estate at potentially discounted prices.
02
Antique collectors looking for unique items that may be available at estate auctions.
03
Those looking for household items, furniture, or other goods at auction prices.
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On-site insolvent estate auction is a public sale of assets on the premises of the estate of a debtor who is insolvent.
The administrator or executor of the insolvent estate is required to file for an on-site insolvent estate auction.
To fill out an on-site insolvent estate auction, the administrator or executor must provide details of the assets to be auctioned off, including descriptions, estimated values, and any legal documentation.
The purpose of on-site insolvent estate auction is to liquidate the assets of the estate in order to pay off creditors and settle debts of the insolvent debtor.
The on-site insolvent estate auction must report details of the assets being auctioned, the expected proceeds from the sale, and any expenses related to the auction.
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