In this article, Cathleen Breedt looks at the process of executing debt collection Court Orders against a debtor’s bank account.
Enforcing Court Orders Against Bank Accounts
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Debt Collection
How To Negotiate On Payment Terms
How To Negotiate On Payment Terms with your clients can be difficult to say the least. You want what is due to you, however, having regard to the impact of the pandemic, we need to start looking at our accounts differently. If you are not willing to negotiate at...
You’ve Given A Payment Holiday, Now What?
During the Covid-19 pandemic, many people were forced to grant their debtors, payment holidays. Times have subsequently not necessarily improved and people now need to look at recovering the debt owed to them. Some employees still have not returned to work and some...
HOW TO APPROACH BAD DEBT DURING LOCKDOWN
The South African Nation is currently under Lockdown and a big question is how to approach bad debt during the lockdown. Most businesses have ground to a halt and we are holed up on our homes waiting it out. Although some business can be done remotely, it is safe to...
Advice From a Debt Collector
Times are tough and we put together some advice from a debt collector.
Our economy has taken a serious knock in recent times. It was frail, to begin with, and Eskom with its constant load-shedding was not making that any easier, but along came the oil war and Coronavirus which caused the entire apple cart to tumble.
WHEN CAN I APPROACH THE COURT ABOUT DEBT REVIEW UPLIFTMENT
Some time ago we wrote an article about uplifting the “debt review” record on credit bureaus and how one would go about doing so. To recap, once a consumer has applied for debt review and such application is accepted by the debt counsellor and a finding of...
Debt Review Help
Debt Review Help! I am flagged as being under debt review on the Credit Bureaus. Since the promulgation of the National Credit Act. 34 of 2005 (herein after referred to as the “act”), most South Africans have heard of debt review and have a faint idea of what it...
Why do I need a written agreement?
What is the difference between an oral and written agreement between parties and why do attorneys always go on about needing a written agreement? An oral agreement is an enforceable agreement between two parties, much like a written agreement. The difference between...
THE ANSWER TO GETTING DEBT COLLECTION RIGHT – GETTING YOUR POLICIES IN PLACE FROM THE START
Why do policies work? Contrary to popular belief, most people thrive under rules and function at optimum when they have clearly defined duties and know the company policies. As the CEO or MD of a company you are the rule maker. You are the person responsible for...