What to do with a man of straw?

What to do with a man of straw?

When a debtor is a man of straw, legal action can be instituted against the debtor and you may even get judgment in your favour, but the difficulty comes when the judgment must be enforced against someone who has little or no means to pay. But does this mean that the...
What to do with a man of straw?

Understanding your attorney’s invoice

Petro shops around and hears from a friend about a reputable law firm she can approach to assist her with her legal needs. But Petro is worried. How much will this cost? She has heard that legal costs can be quite extensive. Fortunately the firm she approaches if very...
What to do with a man of straw?

The debtor’s survival guide

Survival tip 1: Study the pre-agreement documents carefully The National Credit Act (‘NCA’) compels credit providers (such as banks and other providers of credit) before entering into a credit agreement with a consumer to provide the consumer with certain pre-...
What to do with a man of straw?

Mineral Rights. Do they still have value?

To illustrate, the following example is useful. Many years ago James purchased a farm, knowing such to have potential diamond deposits which could be mined. James however never managed to get the finances in place to proceed with his prospecting plans even though this...

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