What is Debt Management?

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Debt Management is not Debt Review / Debt Counselling.

Debt Management is:

  • the self-management of your debts under our supervision / guidance / direction;
  • the division of your debts into A-Creditors & B-Creditors – you determine which creditors you need to pay (A-Creditors) and which you can no longer afford (B-Creditors). and
  • the non-payment of B-Creditors under Informal Debt Repayments Arrangements in order to obtain certain Legal Benefits under Formal B-Creditor Collection Proceedings such as:
    • Automatic 100% Limit on your Debt including Interest & Collection Costs;
    • Outstanding Debt Written Off as Bad Debt by B-Creditors;
    • Formal Debt Repayment Arrangements according to what you can Afford;
    • Savings for Future Monthly Necessary Expenses;
    • Formal Debt Records;
  • The protection of your income for your A-Expenses;
  • The payment out of your income in Order of Priority;
  • The protection of your A-Creditors
  • The defence in Court on a one by one case basis of all Formal B-Creditor Collection Proceedings until, if possible, you appear in the Section 65 (Debtor’s) Court on the basis of your inability to pay / reduce your B-Creditors in full at once as claimed.
  • saving the money you would have been futilely paying these B-Creditors trying to settle / reduce them.

Debt Management’s Advice Arrears.

  • Insolvency; and
  • Debt Review / Counselling; and
  • Administration Orders; and
  • Informal B-Creditor Debt Repayments / Informal B-Creditor Debt Repayment Arrangements / Voluntary Distribution / Debt Consolidation / Debt Restructure (Debt Slavery!); and
  • Section 65 (Debtor’s) Financial Enquiry; and
  • Creditor Referral; and
  • Informal Creditor Contact; and
  • Formal Creditor Collection Proceedings; and
  • Informal Creditor Collection Proceedings; and
  • Creditor Contact Rules; and
  • S129 letters of demand; and
  • Reckless Lending;
  • Prescription of Debt;
  • Summonses; and
  • Interpleader Summonses; and
  • Applications; and
  • Garnishee (Salary Deduction) Orders; and
  • Default Judgments; and
  • Summary Judgments; and
  • National Credit Regulator Complaints; and
  • Sheriffs; and
  • Credit Records; and
  • Defended cases; and
  • Section 65 (Debtor’s) Financial Enquiries; and
  • Warrants of Execution; and
  • Sales in Execution;
  • Warrants of Arrest;
  • Vehicle and other Movable Property Protection; and
  • Immovable Property Protection; and
  • Donations; and
  • Trusts; and
  • DIY Debt Defences; and
  • Bank Account Protection.