Administration FAQ's

Once all the necessary documentation for the administration has been sent all existing garnishees can be removed.

Anyone who is unable to make all of the monthly instalments required by his creditors would qualify for administration. If most of all your accounts are with attorneys you will qualify for administration.

YES: All credit agreements as le by the National Credit Act can be included in debt review. This would include loans, credit cards, vehicle agreement (excluding rental agreement) and bonds.

NO: Service accounts (e.g. telephone bills and municipal accounts) cannot be included in a debt review without express permission from the creditor.

Consumers must make provision in their budget for all accounts that cannot be included in their debt review.

You will not be blacklisted, but the credit bureau is lawfully obliged to indicate that you are under administration.

No. All credit cards and accounts must be disclosed to the debt counsellor and you will be advised that you are not allowed to enter into any further credit agreements while you are participating in administration.

The duration of your debt review is based solely on the rate of repayment versus the size of the total debt and will be calculated by means of a program that works out how long it will take to settle your debt. The larger the amount of your monthly repayment, the shorter the duration of your administration will be.

If you have received a summons already it can be included in the administration.

Yes. Once all your accounts are paid-up as per the administration court order a clearance certificate is given to you or via a rescission order.

No. Once you are placed under administration, all legal action must stop. As long as you make regular payments no creditors will be allowed to proceed with legal action against you.

You will have the right to contact your administrator to require a statement that proves that your creditors are receiving payment.

There are other options available. Feel free to discuss your options with your debt counsellor.

Once appointed, your administrator becomes an impartial, objective middle-man between you and your creditors.

Yes, the administrator process is not inflexible and you will be allowed to pay your creditors above and beyond the agreed upon monthly amount if you wish to settle your debt over a shorter period.