Statistics Act, 1999
R 385
National Credit Act, 2005 (Act No. 34 of 2005)RegulationsNational Credit Regulations, 2006Chapter 3 : Consumer Credit PolicyPart D : Over-indebtedness, reckless lending and debt counselling26. Debt restructuring by court order |
| (1) | An application in terms of section 86(9) of the Act must be submitted to court within 20 business days after the debt counsellor has provided the consumer with a letter of rejection. |
| (2) | The court may on application by the consumer and good cause shown, extend the 20 business day period. |
| (3) | making an application as contemplated in section 86(9), a consumer must complete Form 18. |
