Tag Archivesdebt
debt collector

When may a Debt Collector legally recover money? Know your rights as a Debtor!

Today, more and more South Africans are over indebted, or have at one stage of their lives been over indebted and had to deal with the unpleasantness of threats and demands received from Debt Collectors. It also is becoming quite common for Debtors to be constantly harassed by Debt Collectors to make payment on accounts […]

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Rent interdict

The powers of a Sheriff to conduct an inventory in terms of a Rent Interdict when the Judgement Debtor is not present, and the premises are locked

A Landlord, who struggles to obtain rental payments from his Tenants, may demand, in writing to his Tenants, the amount of rental payment that is in arrears. Should the Landlord be unsuccessful and a period of 7 (seven) days or longer has lapsed, the Landlord may consider instituting legal proceedings in accordance with the Rental […]

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Writing off debt in dormant companies

Writing off debt, or better phrased, debt waiver is dealt with in Section 19 and paragraph 12A of the Eighth Schedule in the Income Tax Act 58 of 1962 (“ITA”).  When debts are waived, written off or reduced, there are tax implications on the part of both Debtor and Creditor in many instances. For example, […]

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The National Credit Act and your Debt Review: How does it really work?

The subject of credit and over-indebtedness remains an important and deeply concerning topic in the current economic climate in South Africa. Over the years we have seen consumers incurring debt, not only to live exorbitant lifestyles above their means, but to actually for day to day financial survival. On the flip side of the coin – credit […]

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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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