5 Questions
Which act is regarded as the principle source of South African insolvency law?
Insolvency Act
What remains the ultimate debt relief for over-indebted consumer debtors in South Africa?
Sequestration
Which system introduced by the National Credit Act of 2005 is conducted by a debt counsellor?
Debt review
What are the alternatives to sequestration mentioned in the text?
Administration and informal arrangements
What has introduced a new model of constitutional democracy in South Africa?
Recognition of the Constitution as the supreme law of the land
Test your knowledge on the sources of South African insolvency law, including the Insolvency Act, Companies Act, Close Corporations Act, and common law influenced by Roman-Dutch sources and court judgments. Explore how the Constitution impacts insolvency law in South Africa.
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