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Debt-restructuring

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Debt review and the National Credit Act

Photo of Yasmin KadwaPhoto of Katrijn Thys
By Yasmin Kadwa & Katrijn Thys on March 24, 2014

A credit provider is entitled to enforce a loan that is subject to a debt-restructuring order without notice to the debtor once that order has been breached.

This was confirmed by the Constitutional Court in Ferris v FirstRand Bank Limited.  Mr and Mrs Ferris were unable to repay their home loan to FirstRand Bank…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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