Court looks at early escape from debt review

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Up until early this year, exiting debt counselling has been a cakewalk for consumers in Gauteng, even if in the rest of SA high courts refuse to declare consumers 'no longer overindebted' when their financial circumstances improve.

Up until early this year, exiting debt counselling has been a cakewalk for consumers in Gauteng, even if in the rest of SA high courts refuse to declare consumers"no longer overindebted" when their financial circumstances improve.

This week a full bench of the Gauteng Division of the High Court heard a case that will determine how they deal with applications from consumers who want to get out of debt review before they have been able to pay off all their debts...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.

 

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