“Debt Relief Bill” signed into law

The Bill applies only to debts that fall under the National Credit Act 34 of 2005 and will provide debt relief to those consumers who earn R7 500 per month or less and have unsecured debt amounting to R50 000, by suspending the debt in part or in full.

Click on the link below to view the Bill

National Credit Amendment Bill

BY: LEXIS NEXIS

 

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