Taking legal action against a debtor is the second phase of action in our recovery process. Even though every effort is created to encourage payment, some debtors only react on court proceedings.
Unfortunately, this phase is time consuming and an expensive exercise. Nevertheless, a fruitful one in most cases. Various debtors react differently towards legal action.
You will find those that will accept the Emoluments Attachment Orders (Garnishee Orders) with enthusiasm on their salary, as they benefit from the inconvenience of paying monthly.
Then there are those who finally come to realize that finding the funds to repay now becomes a reality and uses the legal action and the time it provides to collect money to pay.
We institute legal action on your behalf against any debtor capable of paying and unwilling to pay.
Contact our debt collection agency, for assistance with debtor tracing and legal debt collection.
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When it comes to business loan accounts, both directors of the company as well as shareholders must be aware of the implications such loan accounts may have on the business.
However, there is an abundance of small to medium enterprises in South Africa which are mostly owned and directed by as little as one or two people.
Read More ...Posted by Christo van der Merwe on Friday, May 24, 2019 Views: 148