Question: With reference to relevant statutory provision(s), case law and academic writing, critically discuss the legal position regarding `friendly sequestration` in South Africa. In your analysis,

With reference to relevant statutory provision(s), case law and academic writing, critically discuss the legal position regarding `friendly sequestration` in South Africa. In your analysis, also consider the challenges of contributions that creditors may be required to make where there is insufficient free residue to administer the insolvent estate which is subjected to friendly sequestration

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