Affordable Legal Advice and Paralegal Services in South Africa Contact Us

All aspects of civil law advice and legal/paralegal services including civil suits to recover monies due or damages due to you. Letters of demand; office draft summonses, contracts, general advice etc

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 debt free

Be very circumspect when dealing with collection agencies and that includes firms of attorneys that specialise in this area of the law.

Do not believe everything that you are told by a collection agent or attorney as they will look after their own interests and those of their client; before they give a thought to you and your interests.

Prescription of a Debt: What does it mean? Part 2:

alternative dispute resolution

Have you ever heard of “alternative dispute resolution?”

One of the services The Legal Advice Office provides to our clients, and other interested parties; is alternative dispute resolution procedures.

These procedures broadly speaking include interventions, mediation, arbitration and other dispute resolution procedures and methods to settle disputes between two parties without proceeding with a civil court action; which could cost tens of thousands of Rands; take two years to finalise; and, if you lose, you have to pay a portion of the other person’s costs.

Alternative dispute resolution is cheaper, quicker and more efficient.

Here is an example of such a situation; which we dealt with during the course of this last month.

debt help for women

Benjamin Franklin said: “Better to go to bed without dinner than to rise in debt.” However, debt is not something we can all avoid.

Prescription of a Debt: What does it mean? Part 1:

The Prescription Act; No 68 of 1969; provides in Chapter III for the extinction of debt by prescription.

What does this mean?

A debt is extinguished by prescription after the lapse of the period which applies in respect of that particular type of debt. This means that after that period the debt cannot be revived even under the provisions of the Act relating to the interruption of prescription by the acknowledgment of liability; unless that new acknowledgment amounts to a new undertaking altogether to pay; which novates the old prescribed debt and amounts to a completely new debt and cause of action.

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Legal Advice Office

South Africa

Kandelaar Street, Vermont, Hermanus
Phone: +27 (028) 316 2832
Email: info@legaladviceoffice.co.za

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