MBD Attorneys
PLEASE REFER TO PRESCRIPTION ACT & STOP HARRASSING

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.

Company: MBD Attorneys
Country: South Africa
City: Hyde Park

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