Business Rescue and Suretyships With the introduction of business rescue in terms of Chapter 6 of the Companies Act No. 71 of 2008, one of the areas of contention has been its affect on the suretyships of the company in business rescue. The legal consensus seems to have been reached that: although a suretyship is […]
commercial debt collection
Here's what Our debt recovery department offers
When dealing with commercial debt collection (business to business collections) the values of the debts involved are usually a lot larger then private/consumer debtors and one is largely dealing with companies and other forms of entities with limited liability which can inhibit debt recovery. This requires research and a planned strategy to meet the particulars of the specific matter, before simply issuing a summons.
Regular Reports
as well as detailed online reports available 24/7
efficiency
and professionalism in the handling of matters
Priority service
priority service in collections
Knowledge
In depth knowledge and expertise in credit law and insolvency law
Results
Results measured by money collected not legal stages reached
Innovative methods
Innovative legal methods in its collections arsenal
Assistance
Assistance in securing debts
Resources
Resources to do investigations of debtors to optimise results
Recent Posts on Commercial Debt Collection
Settlement agreements form an essential part of commercial debt repayments. By acting as a recording of the agreed terms of the repayment, such agreements are meant to provide certainty as to the intention of the parties. It is for this very reason that the terms of settlement agreements should always be in writing and be […]
The Test for NCA Applicability The National Credit Act No. 34 of 2005 (“the NCA” or “Act”) has had a significant impact on transactions involving deferred payment and interest in South Africa. However, it has almost become trite law to refer to the interpretive challenges that arise out of the poor drafting, while at the […]