Debt Collection

Is a Surety’s Liability Limited to the Initial Credit Agreement? Insights from Actisol 145 CC v Seryt Tyres

Commercial Law, Debt Collection, Debt Prevention, Debt Review Upliftment, Debtors, Debtors book

Gain critical insights from the Gauteng High Court case, Actisol 145 CC v Seryt Tyres, addressing the extent of a surety’s liability in credit agreements. This pivotal judgment, led by Judge Nkutha-Nkontwana, explores whether a surety’s obligation is confined to the initial credit limit or extends to the actual debt incurred. Uncover the legal intricacies, the court’s decision, and its implications for sureties in business credit facilities

When Your Biggest Client Doesn’t Pay: 8 Critical Steps to Protect Your Business

Debt Collection, Debtors book, Litigation

As a business owner, dealing with unpaid invoices can be both frustrating and financially damaging, especially when the client in question is your biggest one. Navigating this situation can be challenging, but taking proactive measures can help protect your business...

ABC’S (ALWAYS BE COLLECTING) – REASONS WHY DEBTOR’S MANAGEMENT IS A FULL TIME JOB

Debt Collection, Debt Prevention

One thing that really stands out in my experience as a debt collection attorney, is that debtors almost always settle the outstanding debt if the debts are demanded whilst it is still fresh. This means that the older the debt you are attempting to collect, the smaller...

The Truth About Debt Review

Debt Collection, Debt Prevention

The miracle of debt review is widely portrayed as an “easy escape” by debt counsellors in South Africa. Is it really as magnificent as it seems? Or are debt counsellors selling you a dream? Discover the truth about debt review in this tell-all article.

What Should You Do If The Sheriff Threatens To Remove Assets

Debt Collection, Debt Prevention, Debtors

John has a big problem. He is living in a fully furnished flat that he is renting. The furniture in the flat is not his but belongs to his landlord. Some time ago, John made a series of bad choices that led to a few judgments being granted against him. John calls his...

Why you need an acknowledgement of debt in place with your debtor

Debt Collection, Debt Prevention, Debtors book

If you have been forced to make arrangements with your clients and have them pay off an account instead of settling it once off, get an acknowledgement of debt. This serves as a contract and will have all the payment terms in. Interest rates, payment amount, pay date, banking details, terms for when they default, etc.

Is reckless credit my get out of jail free card?

Debt Collection, Debt Prevention

In simple terms, credit is considered to be reckless if it is clear from the outset that the Consumer will not be able to afford the repayments, or if no affordability test was done at all.
In our case study (below), the affordability test was indeed done, but it was clear that she would not be able to afford the repayments. It, therefore, seems that the credit was granted recklessly.

I Have Received A Summons – What Does This Mean?

Debt Collection, Debt Prevention

I Have Received A Summons – What Does This Mean?
Having a Sheriff serve a Summons on you could often be a very scary thing! This is especially true if you know nothing about a Summons and what to do with it. In this article, Kaylee Tree discuss a few important points to remember once you have received a Summons. #Summons #DebtCollection #LetUsHelpYou #StayCalm

Get Your Debtors To Settle Their Account!

Debt Collection, Debtors

Get Your Debtors To Settle Their Account! Here Are Some Tips From A Debt Collector.
A payment arrangement may be a good option when someone owes you money. However, there is nothing fun about having to hold your breath every month in the hope that they will adhere to the payment arrangement monthly and settle their account in total, at the end of it all. In this article, Kaylee Tree provides tips on how you can get your debtor to settle their account. #PaymentArrangements #PayBackTheMoney #DebtCollection

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Understanding Dispositions Made In Business Rescue and Liquidation: The Macneil Plastics Case

Debt Collection, Debt Prevention

In a recent ruling by the Pretoria High Court in the case of Macneil Plastics (Pty) Ltd v Van Den...

Navigating Business Rescue and Liquidation: The PFC Properties Case Explained

Debt Prevention, Debt Collection

Unpack the Supreme Court of Appeal’s decision in PFC Properties (Pty) Ltd V Commissioner, SARS, highlighting the critical distinctions between business rescue and liquidation, and the legal ramifications of misusing business rescue procedures under South African law.

Limpopo High Court Rules on Company Winding-Up

Uncategorised, Debt Collection, Debt Prevention, Debtors, Debtors book

Explore the Limpopo High Court ruling in Rooplal N.O vs. Rezevation 4-2 Communication CC, a critical case on the winding-up of companies due to financial insolvency under South African law. Understand the legal standards for commercial insolvency and its impact on businesses.

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010 109 1089

Debt Collection

Is a Surety’s Liability Limited to the Initial Credit Agreement? Insights from Actisol 145 CC v Seryt Tyres

When Your Biggest Client Doesn’t Pay: 8 Critical Steps to Protect Your Business

ABC’S (ALWAYS BE COLLECTING) – REASONS WHY DEBTOR’S MANAGEMENT IS A FULL TIME JOB

The Truth About Debt Review

What Should You Do If The Sheriff Threatens To Remove Assets

Why you need an acknowledgement of debt in place with your debtor

Is reckless credit my get out of jail free card?

I Have Received A Summons – What Does This Mean?

Get Your Debtors To Settle Their Account!

Recent Articles

Understanding Dispositions Made In Business Rescue and Liquidation: The Macneil Plastics Case

Navigating Business Rescue and Liquidation: The PFC Properties Case Explained

Limpopo High Court Rules on Company Winding-Up

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