The debt re-arrangement proposal

The debt re-arrangement proposal should include confirmation of the following:

a) The income and expenditure of the consumer as established by the Affordability Assessment Guidelines

b) Confirmation if an asset/liability restructuring is possible to improve the indebtedness situation;

c) The amount available on a monthly basis for debt review repayments;

d) The identity of the appointed PDA through which payments will be received;

e) The commencement date of the proposed payments to the PDA which should not commence later than 60 business days from date of application for debt review;

f) Copies of all debit order and stop payment cancellation instructions given by the consumer.

g) An initial repayment plan for immediate implementation on the PDA’s system.