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dc.contributor.authorBoraine, Andre
dc.contributor.authorVan Heerden, Corlia
dc.date.accessioned2011-03-30T09:51:21Z
dc.date.available2011-03-30T09:51:21Z
dc.date.issued2010
dc.identifier.citationBoraine, A. & Van Heerden, C. 2010. To sequestrate or not to sequestrate in view of the National Credit Act 34 of 2005: A tale of two judgements. Potchefstroom electronic law journal (PELJ) = Potchefstroomse elektroniese regsblad (PER), 13(3):84-124 [http://www.nwu.ac.za/p-per/index.html]en
dc.identifier.issn1727-3781
dc.identifier.urihttp://hdl.handle.net/10394/4051
dc.description.abstractThe purpose of this article is to consider the impact of some of the provisions of the National Credit Act1 (the NCA) on sequestration applications in the form of applications for voluntary surrender, as well as compulsory sequestration. This matter is of particular relevance in view of two recent cases: in Ex parte Ford2 the court refused to grant a sequestration order following an application for voluntary surrender since the applicant-debtors did not, according to the court, avail themselves adequately of debt relief measures provided for by the NCA where the bulk of the debt consisted of credit agreements regulated by the NCA; and in a more recent judgment, Investec Bank Ltd v Mutemeri,3 the respondent-debtors, namely the consumers, opposed an application for compulsory sequestration on the basis that the application for debt restructuring pursuant to debt review in terms of the NCA barred the applicant from proceeding with the application for compulsory sequestration, since they argued that such an application amounted to debt enforcement. This discussion therefore considers the impact of the debt relief remedies and certain special provisions that apply to debt enforcement in terms of the NCA on sequestration procedures provided for in the Insolvency Act4 in view of the above judgments.en
dc.language.isoenen
dc.publisherNorth-West University (Potchefstroom Campus), Faculty of Lawen
dc.subjectAdvantage of creditorsen
dc.subjectCivil suiten
dc.subjectCompulsory sequestrationen
dc.subjectConcursus creditorumen
dc.subjectCredit agreementsen
dc.subjectDebt counselloren
dc.subjectDebt nforcementen
dc.subjectDebt relief measuresen
dc.subjectDebt restructuringen
dc.subjectDebt reviewen
dc.subjectDiscretion of court; National Credit Acten
dc.subjectNCAen
dc.subjectReckless crediten
dc.subjectSection 129 noticeen
dc.subjectSequestrationen
dc.subjectSequestration applicationsen
dc.subjectSequestration proceedingsen
dc.subjectVoluntary surrenderen
dc.titleTo sequestrate or not to sequestrate in view of the National Credit Act 34 of 2005: A tale of two judgementsen
dc.typeArticleen


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