Asked by Francois on 29-07-2020 08:24:42
Question posted in the General Law category relating to KwaZulu-Natal
Covid-19 has caused me to lose my extra income from my Wife's business that has ground to a halt with virtually no income at all. I ccould not meet my debts and my Bank only gvae me a 3 Month Extra Loan to cover my Bank Loans and Credit card. Now the 3 Months have expired and I have been told to apply for a further 3 Month extension. I did this Nuerous times but get no feedback from my Bank aprt from another mail suggesting I apply for another 3 Moths extension. As stated i have doen this Numerous times and no extra loan is forthcoming. Now all my debit orders have gone off my Bank leaving me with no funds to cover my other expences. It seems that my Wife's business will be affected for a very long time due to Government restrictions on tourism. I am at wits end as to what to do and consider Debt review or insolvency as it seems that we are only getting deeper into Debt. I need help desperately!
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