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

How is a Surety’s Right of Recourse Affected by the Business Rescue of the Principal Debtor?

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 …

How is a Surety’s Right of Recourse Affected by the Business Rescue of the Principal Debtor? Read More »

”In full and final settlement” …or is it? (Properly Drafting Settlement Agreements)

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 …

”In full and final settlement” …or is it? (Properly Drafting Settlement Agreements) Read More »

When does the National Credit Act Apply to a Transaction?

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 …

When does the National Credit Act Apply to a Transaction? Read More »