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- W2962733242 abstract "In November 2017 the Portfolio Committee on Trade and Industry published the Draft National Credit Amendment Bill, 2018 accompanied by the Memorandum on the objects of the National Credit Amendment Bill, 2018 whereby the public was invited to submit comments. The Bill’s major objective is to introduce “capped debt intervention” into the National Credit Act (NCA). It is supposed to afford the “group of vulnerable consumers” that are currently excluded from formal debt relief measures, namely, the sequestration procedure in terms of the Insolvency Act, the debt review procedure in terms of the NCA and the administration order procedure in terms of the Magistrates’ Courts Act, a form of statutory recourse. It is anticipated that clause 14 of the Bill will insert the procedure into the NCA as chapter 4 part E, namely, “Debt intervention”." @default.
- W2962733242 created "2019-07-30" @default.
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- W2962733242 date "2018-11-08" @default.
- W2962733242 modified "2023-09-26" @default.
- W2962733242 title "An opportunity for no income no asset (NINA) debtors to get out of check? - An evaluation of the proposed debt intervention measure" @default.
- W2962733242 hasPublicationYear "2018" @default.
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