GUIDE ON RECOVERY OF DEBTS

As far as there is live there must be creditors and debtors; although the occupation of such status may not be static. Everything in life is about sustaining life, itself. The basic needs of man and his wants have given rise to business and work; henceinter human relationship. At different times, places and circumstances people owe themselves. What is owed is called debt, while the person owing is called Debtor and the person owed is a creditor. Most times debtors forget their pretentious innocence and plea rather refuse to pay back their debts. Hence, creditors engage self-help, voodoo, law enforcement agents and diabolic means in a bid to regain their hard earn wealth; it is often frustrating and wasteful. Theall encompassing Nigerian law and jurisprudence has provided expeditious, reliable and legal means of recovering debts with ease and not infringing on the inalienable human rights of debtors. This paper will help you know what is really a debt, how to safeguard and recover a debt.