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A “debtor,” for the purposes of the Act, is “a person or a partnership, or the estate of a person or partnership, which is a debtor in the usual sense of the word, except a body corporate or a company or other association of persons which may be placed in liquidation under the law relating to companies.”
Land Court Act, 2023: 7: Eskom Debt Relief Act, 2023: 8: Appropriation Act, 2023: 9: Financial Matters Amendment Act, 2023: 10: South African Postbank Limited Amendment Act, 2023: 11: Fund-raising Amendment Act, 2023: 12: Agricultural Product Standards Amendment Act, 2023: 13: National Veld and Forest Fire Amendment Act, 2023: 14: Correctional ...
Credit agreements in South Africa are agreements or contracts in South Africa in terms of which payment or repayment by one party (the debtor) to another (the creditor) is deferred. This entry discusses the core elements of credit agreements as defined in the National Credit Act, and the consequences of concluding a credit agreement in South ...
South African Airways Unallocatable Debt Act, 2000: 8: Tourism Amendment Act, 2000: 9: Remuneration of Public Office Bearers Amendment Act, 2000: 10: Lotteries Amendment Act, 2000: 11: Land Affairs General Amendment Act, 2000: 12: Financial Services Board Amendment Act, 2000: 13: Independent Communications Authority of South Africa Act, 2000: 14
In South Africa, owners of businesses that had at any stage traded insolvently (i.e. that had a balance-sheet insolvency) become personally liable for the business's debts. Trading insolvently is often regarded as normal business practice in South Africa, as long as the business is able to fulfill its debt obligations when they fall due.
The emoluments attachment order “is a good way of proceeding against a judgment debtor who does not possess sufficient attachable assets to pay off a significant portion of the debt.” [5] Because the money goes directly from the employer to the judgment creditor, the latter's attorney does not have to worry about the judgment debtor ...
This is a list of acts of the Parliament of South Africa enacted in the years 1910 to 1919. South African acts are uniquely identified by the year of passage and an act number within that year. Some acts have gone by more than one short title in the course of their existence; in such cases each title is listed with the years in which it applied.
South African contract law is "essentially a modernized version of the Roman-Dutch law of contract", [1] and is rooted in canon and Roman laws. In the broadest definition, a contract is an agreement two or more parties enter into with the serious intention of creating a legal obligation. Contract law provides a legal framework within which ...