Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa
| dc.contributor.author | Ssebagala, Ralph | |
| dc.date.accessioned | 2016-08-30T07:03:07Z | |
| dc.date.available | 2016-08-30T07:03:07Z | |
| dc.date.issued | 2016-01 | |
| dc.description.abstract | Although the relative risks of consumer over-indebtedness can be identified, and to some extent prevented, the occurrence of unfortunate events beyond the market’s control means that some consumers will find themselves financially over-extended and suddenly incapable of paying their debts. Modern credit societies have noted this, and devised legal measures to relieve such consumers of their debt distress by discharging them of their problematic debts in order to offer them an opportunity to reclaim their financial health (the fresh start). In a context like South Africa, where households are not only highly leveraged but also highly exposed to idiosyncratic risk yet inadequately insured, such measures have never been more relevant. However, the available measures are not up to the challenge of providing meaning relief and rehabilitation of consumers. This paper attempts to show why, and proposes the implementation a simple, straightforward mechanism for debt discharge akin to the ‘fresh start’. | en_ZA |
| dc.identifier.apacitation | Ssebagala, R. (2016). <i>Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa</i> University of Cape Town ,Faculty of Humanities ,Social Survey Unit. Retrieved from http://hdl.handle.net/11427/21598 | en_ZA |
| dc.identifier.chicagocitation | Ssebagala, Ralph <i>Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa.</i> University of Cape Town ,Faculty of Humanities ,Social Survey Unit, 2016. http://hdl.handle.net/11427/21598 | en_ZA |
| dc.identifier.citation | Ssebagala, R. (2016). Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa. CSSR Working Paper No. 369. Centre for Social Science Research, University of Cape Town. | en_ZA |
| dc.identifier.isbn | 978-1-77011-356-5 | en_ZA |
| dc.identifier.ris | TY - Working Paper AU - Ssebagala, Ralph AB - Although the relative risks of consumer over-indebtedness can be identified, and to some extent prevented, the occurrence of unfortunate events beyond the market’s control means that some consumers will find themselves financially over-extended and suddenly incapable of paying their debts. Modern credit societies have noted this, and devised legal measures to relieve such consumers of their debt distress by discharging them of their problematic debts in order to offer them an opportunity to reclaim their financial health (the fresh start). In a context like South Africa, where households are not only highly leveraged but also highly exposed to idiosyncratic risk yet inadequately insured, such measures have never been more relevant. However, the available measures are not up to the challenge of providing meaning relief and rehabilitation of consumers. This paper attempts to show why, and proposes the implementation a simple, straightforward mechanism for debt discharge akin to the ‘fresh start’. DA - 2016-01 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2016 SM - 978-1-77011-356-5 T1 - Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa TI - Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa UR - http://hdl.handle.net/11427/21598 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/21598 | |
| dc.identifier.vancouvercitation | Ssebagala R. Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa. 2016 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/21598 | en_ZA |
| dc.language | eng | en_ZA |
| dc.publisher.department | Social Survey Unit | en_ZA |
| dc.publisher.faculty | Faculty of Humanities | en_ZA |
| dc.publisher.institution | University of Cape Town | |
| dc.rights | Creative Commons Attribution 4.0 International (CC BY 4.0) | * |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | en_ZA |
| dc.title | Relieving consumer over-indebtedness: The need for a ‘fresh start’ in South Africa | en_ZA |
| dc.type | Working Paper | en_ZA |
| uct.type.filetype | Text | |
| uct.type.filetype | Image | |
| uct.type.publication | Research | en_ZA |
| uct.type.resource | Working paper | en_ZA |