Expert assistance in formally exiting the debt review process
Baloyi V.A Attorneys assists clients in formally exiting the debt review process under South African law, providing comprehensive legal support throughout the removal process.
Preparing and submitting applications to the Magistrate's Court under Section 87(1)(a) of the National Credit Act 34 of 2005, requesting a declaration that the consumer is no longer over-indebted.
Supporting the client through obtaining a clearance certificate (Form 19) from a registered debt counsellor after full settlement of debts.
Aiding where necessary to contest or rescind existing court orders under Section 86(7)(c) of the National Credit Act, particularly where a debt restructuring order was granted.
Liaising with the debt counsellor and credit bureaus to update client records and remove the "debt review" flag from credit profiles, once a clearance certificate or Court order is obtained.
Review of your debt review status and eligibility for removal
Compilation of necessary documentation and court applications
Filing and pursuing applications through the Magistrate's Court
Coordination with credit bureaus to remove debt review flags
Our experienced attorneys will guide you through the debt review removal process. Contact us today for a consultation.