Form 17.2 is the Certificate of Balance that your debt counsellor issues once they have assessed your financial situation and determined that you are over-indebted.
The Form 17.2 contains:
• Confirmation that you are over-indebted
• Total outstanding debt balances from all credit providers
• Your proposed restructured payment plan
• Interest rate reduction proposals
This form is sent to all your credit providers and is the basis for negotiating your new repayment terms. It's a crucial step that leads to either a consent order (if creditors agree) or a court application.
Read the official rule
This question is governed by the following clauses from the NCR Task Team Agreements (Guideline 001/2015):