What is the difference between debt counselling, sequestration and administration? | Cape Town's Best Debt Counsellors | Meerkat

What is the difference between debt counselling, sequestration and administration?

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Debt Counselling Sequestration Administration
Protection from creditors Y Y Y
Cheapest Y (The actual monthly cost is the smallest of 5% of your contribution or R300pm) X X (Up to 12% of your contribution to creditors)
Removal of existing garnishee orders X X (removes all current and replaced with single new under administration )
Maximum Debt amount limit X X ü (not greater than R50 000)
Application dependent on assets being sold X X Y