Prescription

The Prescription Act 68 of 1969 (“PA”) means a debt (for example payment of money) is extinguished after the lapse (passing) of a time period. South Africa has different laws which specify time periods, for example the PA says contractual and delictual debts extinguish after 3 years from when prescription starts. The consequences of prescribed debt the debtor is not liable to the creditor for a debt after the time period has lapsed and the creditor may not institute legal action against the debtor for a debt that has prescribed.


 

ABOUT RAMOTH

Our mission is to assist organizations and individual to end their financial crisis.
Read More


 

DEBT REVIEW PROCESS

Ramoth will review all your current debt and come up with a tailor made solution for you.
Read More


 

CONTACT US

Contact Ramoth today to help you solve your finacial crisis.
Read More