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.
Debtors book Articles
Is a Surety’s Liability Limited to the Initial Credit Agreement? Insights from Actisol 145 CC v Seryt Tyres
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
As a business owner, dealing with unpaid invoices can be both frustrating and financially...
Limpopo High Court Rules on Company Winding-Up
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.
Is a Surety’s Liability Limited to the Initial Credit Agreement? Insights from Actisol 145 CC v Seryt Tyres
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
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...
Why you need an acknowledgement of debt in place with your debtor
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.
Enforcing Court Orders Against Bank Accounts
In this article, Cathleen Breedt looks at the process of executing debt collection Court Orders against a debtor’s bank account.
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...
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.
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...
DEBT PREVENTION- WHAT IS IT AND WHY MIGHT I NEED IT?
How can an attorney add value to my debt prevention? It may seem odd that we are suggesting an attorney can add value to your debt prevention, but below are 5 reasons why you cannot have debt prevention without an attorney! Why would an attorney be of any assistance...