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    The Process

    What is a consent order vs court order in debt review?

    Both are legally binding orders that formalise your debt review, but they are obtained differently:

    Consent Order:

    • Obtained when all creditors agree to the proposed payment plan

    • Submitted to the National Consumer Tribunal (NCT)

    • Generally faster and less expensive

    • Same legal protection as a court order

    Court Order:

    • Obtained through the Magistrate's Court

    • Required when one or more creditors do not accept the proposal

    • Takes longer but the court can overrule creditor objections

    • Provides the same legal protection

    Your debt counsellor will advise which route is appropriate for your situation.

    Expert Answer

    Provided by NCR-registered debt counsellors (NCRDC3106)

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