Introduction The prescription of debts in Zimbabwe is governed by the Prescription Act (Chapter 8:11), hereinafter called the Prescription Act or the Act. Prescription of a debt can be explained
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In this article I give some advice on how to handle debt recovery where there is insufficient or no documentation or evidence.
Introduction I have been requested by some readers to explain the connection between corporate rescue proceedings and debt recovery. Put differently, the readers would like to understand how corporate rescue
An AOD is a document executed by a debtor in favour of a creditor wherein the debtor clearly and unequivocally acknowledges that he or she owes money to another person (a creditor).
Introduction The use of an acknowledgement of debt (“AOD” for purposes of this article) is common practice in everyday life whether by organisations or individuals. It is common that a
Introduction Corporate rescue is also known by other terms such as business rescue or judicial management. According to Section 121 of the Insolvency Act (Chapter 6:07), hereinafter (“the Act”) of
Introduction In simple terms liquidation refers to the winding up of an insolvent debtor entity (juristic person such as a company) or an insolvent estate of a natural person. It
Debt, in simple terms, is a sum of money that is owed by one party, a debtor or borrower, to another, a creditor or lender. There could be other terms
