December 2009 Archives

AVOID PAYING SOMEONE ELSE'S DEBT

By Wayne Twigg on 11 December 2009

"KZN pilot held in Dubai on debt claim" ...This was the headline of a local newspaper recently. 1  In summary the pilot signed surety for his son's debt and found himself in a jail cell as a result.

surety.jpg

All too often people needing to raise finance are presented with a suretyship document to sign.  A suretyship is an agreement to take on the responsibility of another's debt or obligation.

DO YOU REALLY WANT TO PAY SOMEONE ELSE'S DEBT?

Continue reading AVOID PAYING SOMEONE ELSE'S DEBT.
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