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Debtfree Magazine January 2018

SA's Free Debt Counselling & Debt Review Industry Magazine. We discuss Bitcoin, Steinhoff, amending the National Credit Act and more in this issue.

to investigate. To

to investigate. To protect themselves from problems, Debt Counsellors would have to flag almost every matter they look at and can’t get papers for in time. There is naturally also concern among credit providers over the possible fines and share price impact of thousands of investigations every year. Also of interest, are clauses in the Bill that will see business owners and the big bosses held accountable for the actions of their staff (that they are aware of). This could see Board members, CEOs and CFOs heading to jail for things that happen at branches and outlets among credit providers, credit bureaus, ADRAs, PDAs and Debt Counselling firms. After all the comments - written and oral - have been made, the Portfolio committee have to consider if they will amend or add any clauses (there are a lot of areas where the NCA urgently needs amendments that have been totally ignored in this Bill). Eventually the Bill will go before Parliament and various committees and even the President before it is potentially enacted.

Jothie Bechoo ATTORNEYS & DEBT COUNSELLOR Taking care of all your legal needs Specialising in Debt Review Applications for Debt Counsellors/Attorneys Our offices personally attends to debt review applications in the following courts: Durban Pinetown Chatsworth Verulam Ntuzuma We aim to have debt review orders granted at the first court appearance We avoid unnecessary adjournments Our fees are reasonable We have six years’ experience in Debt Review applications We assist clients in Rescission of Debt Review orders & administration orders Suite 7 Gladstone Court 103 Smiso Nkwanyana [Goble] Road Morningside Durban Tel: 031 303 1004 Mobile: 076 835 2810 Email: jbechoo@jb-attorneys.co.za Also specializes in: Deceased Estates, Wills, Divorces, Ante Nuptial Contracts, Correspondent Attorney, Rescissions

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