Sep 4, 2023 | Commercial Recoveries
As legal professionals, we have seen firsthand the importance of keeping proper records when it comes to commercial recoveries from debtors. Keeping accurate and up-to-date records can make the process of recovering debts from delinquent customers significantly easier...
Sep 30, 2021 | Commercial Recoveries
Nearly all business owners will at some point be in a situation where they have rendered goods and services but have not been paid for their effort. When this happens the business owner will have to decide whether to write off the debt or to try to collect it. ...
Jul 9, 2020 | Commercial Recoveries
Commercial debt recovery or business‐to‐business collection is the process whereby an attorney or other registered debt collector recovers a delinquent (outstanding or overdue) amount, plus lawful interest, administrative costs and collection fees from a business...
Mar 19, 2019 | Commercial Recoveries, Litigation and Dispute Resolution
An Emoluments Attachment Order (EAO) is a debt collection process in which a court order stipulates the terms whereby the judgment creditor can attach or deduct part of the salary of the judgment debtor. In terms of the order, the employer of the debtor is obliged to...
Apr 12, 2017 | Commercial Recoveries, Litigation and Dispute Resolution, Regulatory
Literally translated, in duplum means ‘double the amount’. A part of South African law since the early 1800’s, it is a common law rule that specifies that interest on a debt will cease to run when the total amount of arrear interest has accrued to an amount equal to...
Feb 22, 2017 | Commercial Recoveries, Litigation and Dispute Resolution
Applying for the rescission of a judgment can be complicated. Where a default judgment is entered into because a party has failed to defend a claim brought by another party, a successful rescission of judgment application can set aside or make void the judgment based...
