Shapiro Shaik Defries & Associates
Presciption Debt

I have sequestrated more than 10 years ago and in spite of Edcon having been advised of the sequestration, they never lodged a claim against the estate. They then sold their debtor's book to this supplier, who is now attempting to collect on prescription debt. (The Prescription Act provides that the basic period of prescription shall be 30 years in respect of any 'judgement of debt' and 3 years for 'any other debt'.
The effect is that in the case of 'any other debt' where no payment has been made for a period of 3 years, the debt has "prescribed". This means that the debt has been completely distinguished and does not have to be paid. If I receive another SMS or any other communication from this supplier re this debt, I will request my lawyer to open charges of unfair business practices and harrasment.

Company: Shapiro Shaik Defries & Associates
Country: South Africa
City: Johannesburg

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