To assist an over-indebted consumer over a period of financial embarrassment, without the loss of assets and dignity.
This will afford the consumer a “second” chance in order to rehabilitate his debt obligations by way of debt restructuring.
The purpose of the Act is to promote and advance the social and economic welfare and protect consumers.
Gerhard van Huyssteencc
Registered Debt Counsellor (Registration No. NCRDC778)