Nedbank has issued in excess of 400 court applications to rescind/vary granted debt review court in the various Magistrates Courts situate in the Western Cape alone.
Liddle and Associates believe that most of these court applications constitute an abuse of process and our debt counsellors are requesting that the provisions of Rule 33(8)(c) be invoked for the Magistrates to award punitive costs against Nedbank.
Should any other debt counsellors require our assistance in this regards, we are only charging the consumer an all-inclusive legal fee of R2000,00 as we are subsidising our legal fees with the anticipated costs orders against Nedbank.
Latest update: Liddle and Associates have obtained our first of hopefully many punitive cost orders against Nedbank. The Goodwood Magistrate was most aggrieved with the papers filed by Nedbank and in a strongly worded judgment granted a punitive cost order against Nedbank. He further threatened that if the banks' attorneys persist with these type of applications, he will in future consider granting costs de bonis propriis, in other words, that the banks' attorneys themselves will be held liable for legal costs in their personal capacities.