Getting Tough with Stubborn Big-Fish Debtors

The government has cancelled plans to provide stubborn major debtors with debt repayment dispensations. It still has an opportunity of getting a reasonable debt recovery rate.

March 12, 2002

STUBBORN big-fish debtors are going to be very disappointed indeed. On Thursday last week, the government at long last cancelled its plans to extend shareholders' liability settlement (PKPS) agreements. Instead of getting dispensations as regards their debt repayments, big-fish debtors will now have to be prepared to deal with the police and the office of the public prosecutor—if they continue to be stubborn and do not want to meet the

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