1. Where the accounts under debt review have not been settled

If your debt review was made an order of court, an application to rescind the debt review order must be made to court. Once the debt review order is rescinded, payments in respect of any outstanding accounts will then be made directly to the creditors by way of negotiated payment arrangements if you are not already doing so. If your debt review was not made an order of court, then an application must be made to court to declare that you are no longer over- indebted.

Often, many creditors refuse to negotiate payment arrangements until the debt review order has been rescinded, or the consumer declared no longer over-indebted, as such creditors reason that they cannot accept payments directly from the consumer whilst the consumer is flagged as being under debt review. Thus, where a consumer wants to exit debt review and the consumer still has outstanding accounts, we conduct this preliminary assessment and evaluation to determine whether the consumer is financially able to make or continue to make payments of amounts that are greater than the amounts that the creditors were or are receiving via the debt review process.

2. Where the accounts under debt review have been settled in full

The debt review process can also be terminated if you have paid up all the accounts that were subject to the debt review order. In this instance, your debt counsellor must issue a clearance certificate.

3. Where all accounts have been paid up but there is a home loan account or large credit agreement that is outstanding

The debt review process can also be terminated where all the accounts that were subject to the debt review agreement or re-arrangement order have been paid in full but there is a home loan account or any other large credit agreement that is still outstanding and there are no arrears in respect of the home loan or large credit agreement in terms of the debt re- arrangement order. Where the aforesaid applies, the debt counsellor must issue a clearance certificate.

REQUEST FREE DEBT REVIEW EVALUATION 

Once you submit the form below you will be redirected to the Online Evaluation Questionnaire page. The questionnaire will be used to assess your debt review situation. Our associate debt review specialist attorneys will do the assessment and contact you directly to discuss your options, timeframe and give you a non-obligation quotation for the debt review termination service. The assessment and quotation is a free service.

CANCELLATION OF THE DEBT REVIEW  GUARANTEED!