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National Credit Act, 2005 (Act No. 34 of 2005)


National Credit Regulations, 2006

Chapter 3 : Consumer Credit Policy

Part D : Over-indebtedness, reckless lending and debt counselling

26. 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.