Course Details

 

Debt Litigation

Recovering bad debt - quickly and effectively

This comprehensive 2-day course will provide you with extensive knowledge of all aspects of debt recovery, legal proceedings and litigation under the South African legal system. You will learn to understand your position as both a debtor and creditor, enabling you to minimise the risk of entering into any credit agreement and recover bad debt without incurring the cost of a debt recovery agent or attorney.

"Excellent" - Desnair - Alfa

"Very well presented." A du Toit - Sasol

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Course Outline

Conducting business without incurring debt or providing credit is virtually impossible. True as this may be, it is imperative that you manage your position as both a debtor and a creditor with care to minimise the associated risk. After all, bad debt has been known to ruin otherwise successful companies.

Regardless of how vigilant your credit control activities may be, debt litigation is often required to recover outstanding debts. Knowing your rights, responsibilities and recourses in the event of debt litigation will enable you to complete these proceedings as quickly and effectively as is possible under the circumstances.

This comprehensive 2-day course will provide you with extensive knowledge of all aspects of debt recovery, legal proceedings and litigation under the South African legal system. You will learn to understand your position as both a debtor and creditor, enabling you to minimise the risk of entering into any credit agreement and recover bad debt without incurring the cost of a debt recovery agent or attorney.

You will learn to:

Examine the impact of various types of business on your rights and responsibilities as a debtor and a creditor
Identify various ways to minimise your risk as a creditor before entering into any agreements
Recover bad debt without employing debt recovery agents or attorneys, saving time and money
Understand the jurisdiction and decisions of the court in debt litigation and liquidations
Examining the different forms of business ownership

Identifying who is responsible for debt incurred by the following types of organisations:
Sole proprietors

  • Partnerships
  • Close corporations
  • Companies
  • Co-operatives
  • Associations not for gain

Understanding how the type of business you deal with affects your rights and the procedures surrounding debt litigation
Ensuring that you know to what extent you or any other member of your organisation can be held personally responsible for your organisation's debt Investigating various methods of assessing and minimising risk

Analysing and interpreting financial statements as a means of assessing credit risk
Using current ratios to calculate the liquidity of a potential debtor
Calculating the amount that can expect to recover if your debtor is liquidated
Determining how long it will take to recover the debt incurred by each of your customers
Reviewing debt recovery procedures

Handing accounts over to debt recovery agents or attorneys
Identifying your rights and responsibilities in handling outstanding accounts yourself
Learning to simplify future account litigation when creating initial credit agreements
Using different forms of security to ensure that outstanding debt can be recovered
Understanding prescription and its impact on debt recovery procedures
Taking a closer look at legal procedures and costs

Identifying the jurisdiction of the courts for debt litigation
Understanding legal terminology with respect to debt recovery
Attending creditors' meetings and proving claims in liquidations or sequestration
Investigating the various costs involved in debt litigation
Who should attend? This course will show you how to recover debt quickly and cost-effectively.

It will be of specific benefit to:

  • Senior Credit Controller
  • Senior Collection Staff
  • Credit Managers
  • Collections Managers
  • Financial Managers responsible for debt collections
  • General Managers
  • Debt Recovery Agents

 

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