Annexure B
    3.1.4
    Annexure B
    p. 32

    In some cases consumers

      In some cases consumers have luxury assets such as ski boats, quads, and other “toys”. These assets could be sold and the proceeds used to reduce debt. Where those assets are financed, the proceeds should be used to repay the debt and should there be a shortfall, this should be included in the debt review and repaid in line with the other debt.

    Cite this clause

    National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 3.1.4: In some cases consumers. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 32.

    Related clauses

    3
    Annexure B
    Determination of Gross Income
    3.1
    Annexure B
    The Debt Counsellor
    3.2
    Annexure B
    Short Term insurance on assets financed
    3.1.1
    Annexure B
    If the consumer
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    3.1.3 In some cases consumers
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    3.1.5 Should the proceeds be less than the settlement amount
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    Based on NCR Guideline 001/2015, p. 32. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.