Posted by: Cynthia Matshiakgotshi | 2018/07/03 05:16
note that according to guidelines issued by the National Credit Regulator
recently, once a debt review court
order has been obtained a consumer cannot terminate or withdraw the debt review
process, they can however approach the court to rescind the order or apply for
an order which declares that the consumer is no longer over-indebted. Upon
receipt of the order, a debt counsellor will notify the credit providers of the
withdrawal by means of Form 17.W and update DHS with status G.
If a determination is made and no court order is in
place, you will remain under debt review if you withdraw. A debt counsellor
will notify the credit providers of the withdrawal by means of Form 17.W and
update Debt Help System with status G.
Please accept my sincere
apology for delayed response.
Thank you for this question
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