Talk to your creditors
Friday, September 06, 2019

Household indebtedness is a rising menace in Botswana
The first question we need to address in this situation is, “Should I hide from my Creditors?” Creditors are people that you owe money to. If you owe someone money, they want to know where you are, what you are doing, and when they will get paid back. Which often results in them contacting us, sometimes frequently, which puts pressure on us – and sometimes makes us feel very afraid.
How should we handle our creditors?
High Court Judge, Michael Leburu, said it was a fallacy for the State to say the funds being interest from the funds taken from Seretse and his companies, Khulaco (Pty) Ltd, M & B Properties (Pty) Ltd, belonged to the bank not him to play claim to it.The story presents baffling yet wasteful realities under the previous regime. While litigation by governments is important for upholding the rule of law, ensuring accountability, and fulfilling legal...