Tag ArchivesPrescription

So, you owe the taxman?! For how long can you be held liable?

Introduction One of life’s few certainties is the payment of taxes. Bearing that in mind, we should ensure that we never find ourselves in a predicament to have an outstanding account with the taxman in the first place, which of course, is sound advice. In cases of liquidation, we know that the South African Revenue […]

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Prescribed Debt

Reviving Prescribed Debts

In terms of the Prescription Act 68 of 1969 most debts prescribe within three years. It seems obvious that once a matter has prescribed, that is where it ends. The problem starts where the Debtor has no idea the debt has prescribed and continues to make payment or signs an Acknowledgment of Debt and thus […]

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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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The Star – The perfect prescription

Read our feature in The Star Newspaper, published on 1 April 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 […]

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Prescription of debt

Prescription of debt is a well-known concept, but very few people actually know what precisely it entails. Prescription of debt is regulated by The Prescription Act 68 of 1969 (“the Act”). There are four factors/questions to consider when determining if a debt has prescribed: What type of debt it is? How long is the applicable […]

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