Tag Archivesdebt collection
In Duplum Rule

A recap of the In Duplum Rule

For many years the in duplum rule was a trite principle of our law, until the Western High Court decision in Paulsen & Another vs Slip Knot Investments 777 (Pty) Ltd 2014 (4) SA 253 (SCA) (“The Paulsen decision”) created some confusion. This rule is a common law rule, which provides that interest on a […]

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small business

The Star – Your right when facing old debt

Read our feature in The Star Newspaper, published on 20 May 2016. There are many medicines. Certain medicines are popular. Other treat peculiar ailment like Lupus nephritis. DIFLUCAN, one of of a new group of triazole antifungal agents, is available as a powder for oral suspension. There are numerous drugs for each afflictions. If you’re concerned […]

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Final clarification – Letters of demand in terms of the National Credit Act

The main aim of the new National Credit Act (NCA) is to prevent over-indebtedness and to provide more accessible structures for dispute resolution. Among other solutions, the NCA aims to achieve this by creating a more transparent platform, which bodes well for debtors and creditors alike. In a major breakthrough since the Act’s inception, credit […]

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What every debtor and creditor should know about letters of demand in terms of the National Credit Act

The main aim of the new National Credit Act (NCA) is to prevent over-indebtedness and to provide more accessible structures for dispute resolution. One way that the NCA aims to achieve this, is by creating a more transparent platform, which bodes well for debtors and creditors alike. Since the Act’s inception, a major breakthrough has […]

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Blacklisting and rescissions of judgement

Many debtors do not defend the actions instituted against them (summons), which results in the court granting default judgement and ultimately, that he or she is blacklisted. Blacklisting adversely affects the debtors ability to transact in many respects, but specifically his or her ability to obtain credit (creditworthiness). In order to remove his or her […]

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