3
Annexure C
p. 59
Parameters for debt restructuring rule solutions
- Resolve the over-indebtedness situation within the parameters of the Act and any voluntary concessions agreed to by the credit providers;
- Treat all credit providers and categories of credit agreements fairly and consistently in accordance with the Act;
- Be applied in a manner that would guarantee the integrity of application and calculations in order to gain the trust and acceptance of credit providers; and
- Generate proposals that are:
- Standardized to enable efficient and consistent processing; and
- Contain standardized data/information that allows efficient and consistent consideration of and responses to debt re-arrangement proposals by credit providers.
Parameters for debt restructuring rule solutions Rules applied in the restructuring of consumer debt obligations are a critical success factor in the debt review process. Such rules, in order to succeed in the process have to:
NDRC Practice NoteLast reviewed 2026-04
Legal context
These parameters mirror the rearrangement options listed in NCA s 86(7)(c)(ii), so any compliant system can produce a proposal a magistrate can confirm under s 87.
Drawn from NDRC's active case work. For your situation, see our debt counselling overview.
Cite this clause
National Credit Regulator. (2015). Annexure C — Minimum Debt Counselling System Requirements, clause 3: Parameters for debt restructuring rule solutions. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 59.Related clauses
Based on NCR Guideline 001/2015, p. 59. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.