Tag Archivesdebt review

The implications of debt review, administration orders and insolvency on the debtor’s status and contractual capacity

Although, it is always strongly recommended that personal finances are managed in such a way that consumers never find themselves in a position where they have to consult with a professional, these unfavourable situations often arise, whether due to the debtor’s failure to plan sufficiently or otherwise. It is therefore of the utmost importance, that […]

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Debt – how do I deal with it?

The National Credit Act of 2005 (NCA) aims to prevent reckless credit and to settle disputes between debtors and creditors more amicably (in general), as opposed to litigating these matters immediately. Therefore debtors can now: 1. refer a matter to a debt counsellor for advice or relevant ombudsman for dispute resolution, 2. defend the matter […]

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