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Scared of going to jail for not paying debt

A Fin24 user wants to know if one can go to jail for not paying your debt. He writes:

Can one go to jail when not paying debt - like bank loans - when one has a judgment and made no payments?

READ: How to pay off debt faster

Janine Myburgh, managing director of Myburgh Attorneys, responds:

You cannot go to jail for not paying your debts when there is a judgment against you.

You can, however, be liquidated, sequestrated, an emoluments attachment order placed on your salary or your assets attached.

The sheriff can, however, arrest you in the event that you have been ordered to court, for example, for a financial enquiry and you don’t go to court.

ALSO READ: Five tips for cutting your debt

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers. Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.

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