Prescription, Procrastination, and Personal Liability for Corporate Debts
KVV Inc AttorneysPublished on: 11/12/2025
Debts usually prescribe after three years, so delaying collections can destroy your claim. But a recent SCA case shows prescription only starts once a creditor knows the debtor and key facts. Act fast to avoid losing your rights.
Debt prescription South AfricaSCA ruling on prescriptionDebt recovery lawFraudulent transactions liabilityClose Corporations Act personal liability
