Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which act is regarded as the principle source of South African insolvency law?
Which act is regarded as the principle source of South African insolvency law?
- National Credit Act
- Insolvency Act (correct)
- Magistrates' Courts Act
- Companies Act
What remains the ultimate debt relief for over-indebted consumer debtors in South Africa?
What remains the ultimate debt relief for over-indebted consumer debtors in South Africa?
- Sequestration (correct)
- Informal arrangements
- Debt review
- Administration
Which system introduced by the National Credit Act of 2005 is conducted by a debt counsellor?
Which system introduced by the National Credit Act of 2005 is conducted by a debt counsellor?
- Debt review (correct)
- Informal arrangements
- Sequestration
- Administration
What are the alternatives to sequestration mentioned in the text?
What are the alternatives to sequestration mentioned in the text?
Signup and view all the answers
What has introduced a new model of constitutional democracy in South Africa?
What has introduced a new model of constitutional democracy in South Africa?
Signup and view all the answers
