More and more people have been signing up for Debt Review over the last couple of years, especially since GDP growth dropped to 2.0% in 2022 from 4.9% in 2021,…
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The current economic climate is filled with challenges, pitfalls and the inevitable unequal bargaining powers of the haves and have-nots. It is common knowledge that the National Credit Act 34…
The Insolvency Act 24 of 1936 (“Act”) in its Section 8 provides for 8 acts of insolvency which are listed below. The word “debtor” is defined in the Act as…
A garnishee order is an order made by the court for the attachment of a debt that is owed to a creditor. For example, it is the debt owed on…
Voluntary liquidation is a mechanism within South African insolvency law that allows a business that faces financial difficulties to find relief. This is where an application is made to the…
In the day and age of constant and rapid economic ups and downs, the possibility of insolvency is high, especially in light of recent global events. The insolvency process is…
Finalizing the divorce proceeding requires both Plaintiff and Defendant to be ad item (in agreement) as to the Maintenance plan where there are minor children or children financially dependent on…
Financial considerations are integral to almost every business and the general local and international marketplaces. A common concept in businesses and business sustainability is sequestration. In layman’s terms, you are…
Understanding the jurisdictional implications of your matter is an important part of the preliminary steps in legal proceedings. Certain matters cannot be heard in the Magistrates Court due to their…
The court of first instance in Richter v ABSA Bank Limited SCA (unreported case no 20181/2014, 1-6-2015) held that it is not possible to apply for business rescue after a…
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