n Without Prejudice - An unblinkered approach : financial law
|Article Title||An unblinkered approach : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Mar 2011|
In a recent decision handed down by the Western Cape High Court in the matter of Wesbank, a division of Firstrand Bank and Deon Papier v The National Credit Regulator, the court was obliged to consider whether the credit provider was capable of terminating the pending debt review process by delivery of a notice in terms of s86(10). It was more than 60 days after the debtor's application for debt review, and the debtor had been in default of the agreement on the date when the notice was delivered.
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