oa De Jure - : recent case law



The National Credit Act 34 of 2005 (NCA) comes to the rescue of consumers who are over-indebted (s 79) and/or to whom reckless credit (s 80) has been granted by affording them the opportunity to obtain debt relief by voluntarily applying for debt review in terms of section 86 of the NCA with a view to eventually obtain restructuring of their credit agreement debt by agreement (s 86(8)(a)) or court order (s 86(7)(c)). The debt review procedure, which is conducted by a debt counsellor, is set out in section 86 of the NCA read with regulation 24 made thereunder.


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