Fidelity Debt Counseling Services (Pty) Ltd Unclaimed

What is an Administration Order An administration order is where the courts place an order to cover all of the debtor’s outstanding debt. The debtor will make a monthly payment to his or her administrator and the administrator will issue those payments on a pro-rata basis to each of creditors. Whilst the order is in place, no creditor that the debtor owes money to who is included in the order will be allowed to take any action against the debtor. Letters and debt collection procedures against the debtor will be stopped. In order to be eligible to apply for an Administration Order the debtor must have an attorney apply to court on his behalf. The debtor must owe monies to more than 1 creditor and the debtors total debt must be LESS than R50 000.