Bounced cheques and failed mandates are more than administrative issues, carrying potential criminal charges and significant ...
A bounced cheque may seem like a minor slip, but it can quickly trigger penalties, credit damage and even legal complications ...
When a cheque bounces, the bank gives the person who deposited it a return memo explaining why it was rejected, most commonly because of insufficient funds. After that, the person who was supposed to ...
A court dismissed a cheque-bounce complaint, holding that the cheque in question was issued as a security instrument and not in discharge of any legally enforceable debt as such acquitted the accused ...
We often mistake a cheque bounce or an auto-debit (mandate) failure for a minor mistake, but the consequences can be quite ...