Some thoughts on the reform of administration orders and related issues

André Boraine

SSRN Electronic Journal · 2003 · 10 citations · 0 references

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Abstract

In terms of Section 74 of the Magistrate's Courts Act 32 of 1944 a debtor who is unable to pay his debts may apply for an administration order, provided that his debts do not exceed an amount of R50 000. Where such an application is granted, the debtor must make regular payments to an administrator. The administrator is obliged to draw up a list of creditors and must pay them from the amounts received from the debtor.