The bill aims to help over-indebted poor people who dont have the same options as wealthier debtors in distress.
CAPE TOWN – Parliaments Trade and Industry Committee has removed a controversial clause from the National Credit Amendment Bill it is working on, that would have given the minister, Rob Davies, broad powers to introduce debt-relief measures in the wake of economic shocks or natural disasters.
The bill aims to help over-indebted poor people who dont have the same options as wealthier debtors in distress, such as debt administration or sequestration.
It proposes a range of options for thos…
Read the full article at: http://ewn.co.za/2018/08/02/parly-committee-removes-controversial-clause-in-national-credit-amendment-bill