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- W3115402237 abstract "The abuse of the court process in sequestration proceedings remains a problem in South Africa. This problem is even more apparent in applications for voluntary surrender because of the stringent requirement that sequestration must be to the advantage of creditors. Recent case law has shown that debtors use the process of voluntary surrender in section 4(1) of the Insolvency Act 24 of 1936 to activate the suspension of sales in execution in terms of section 5(1) of the Act. The suspension of sales in execution in section 5(1) is intended to benefit the concursus creditorum and not to halt sales in execution to allow the debtor time to consider his options. However, because there is no provision in the Insolvency Act prohibiting such action, execution debtors continue to use this process with the sole purpose of frustrating sales in execution in an attempt to sell the execution property privately. This note discusses this form of abuse in the light of Malan with the aim of finding possible solutions for law reform." @default.
- W3115402237 created "2021-01-05" @default.
- W3115402237 creator A5090073050 @default.
- W3115402237 date "2017-01-01" @default.
- W3115402237 modified "2023-09-26" @default.
- W3115402237 title "Notice of Intention to Surrender as an Abuse of the Sequestration Process – Nedbank Limited V Malan; in Re: Ex Parte Application of Malan" @default.
- W3115402237 hasPublicationYear "2017" @default.
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