The Intricancies of Child Custody in South Africa

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Many people have come across or at least know homes headed by a single parent. Some amongst us were raised in such homes.

While most may believe that the ideal situation would a family home where both parents are present - side by side taking care of the family, there are several life challenges which often result in this not being realised.

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Posted by Cor van Deventer on Wednesday, October 6, 2021 Views: 233

 

The 8 in Section 8 – Acts of Insolvency

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When an entity cannot pay the debts they owe as and when they become due, or where their liabilities exceed their assets, such party is considered insolvent in South African law.

In the latter case this effectively means, even if the party were to liquidate all their assets to settle liabilities, it would still not be enough.

Declaration of insolvency status is done by the Courts.

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Posted by Cor van Deventer on Tuesday, October 5, 2021 Views: 255