THE LENGTH OF TIME UNPAID DEBT CAN LAST IN SOUTH AFRICA When a debt becomes due and payable, a timer starts running for the creditor to make use the full force of law against the debtor in order to collect
Am I still liable for my spouse’s debt after divorce?
A husband and wife buy a house together. Their marriage takes a tumble, along with their finances, and they have to sell their home and are left with an outstanding mortgage bond. They subsequently got divorced. The couple is concerned
Insolvency and voluntary sequestration
The term “insolvency” relates to both sequestration (for individuals and trusts) and liquidation (for companies and close corporations). Sequestration can either be effected by voluntary sequestration or compulsory sequestration. This article will deal with voluntary sequestration, where the person applying