14/10/2026
🗞️ YOUR LEGAL BRIEF: UNDERSTANDING DEBT REVIEW IN SOUTH AFRICA
⏱️ Estimated reading time: 4 minutes
Struggling to keep up with your monthly debt repayments while still trying to cover your essential living expenses?
You are not alone. According to the FinScope Consumer South Africa 2024 survey, approximately 12 million South African adults were experiencing over-indebtedness or financial distress.
The National Credit Act 34 of 2005 provides mechanisms to assist consumers experiencing financial difficulties, including debt review, a process through which qualifying consumers may have their repayment obligations rearranged.
In our latest article, we unpack:
💳 What it means to be over-indebted under South African law;
📋 How to apply for debt review through a registered debt counsellor;
⚖️ How your financial circumstances are assessed;
💰 How repayment obligations may be rearranged;
🏛️ The role of the Magistrates’ Court in the debt-review process;
📄 When a clearance certificate may be issued and debt-review records removed; and
🤝 How Le Roux Vivier Attorneys can assist with the legal aspects of debt review.
The key takeaway? Debt review may provide relief to consumers who are genuinely over-indebted, but it also carries important legal and financial consequences. Understanding the process and your obligations is essential before taking the next step.
🔗 Read the full article to learn more about the debt-review process and the legal assistance available to you: https://www.lerv.co.za/post/debt-review
Please note: This post provides general legal information and does not constitute legal advice.