The insolvency law, which will come into effect in January 2020, will see debtors able to resolve their liabilities through court-appointed advisers. Getty Images
The insolvency law, which will come into effect in January 2020, will see debtors able to resolve their liabilities through court-appointed advisers. Getty Images

Editorial

Insolvency law will give debtors much needed respite

But it should not replace financial literacy or absolve banks for what may have been reckless lending practices in the past

National Editorial

November 19, 2019