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    The Process

    Can I cancel debt review if I still owe money?

    Yes. A court application under section 87 of the NCA can be brought where you still have outstanding accounts, provided you can demonstrate that you are no longer over-indebted.

    The application must show that you can afford to revert to the original contractual instalments on any account that remains enforceable. Creditors may demand those original amounts once the debt review is terminated.

    If any account has prescribed (no payment and no summons for a continuous period of three years), the court application will detail that defence.

    Expert Answer

    Provided by NCR-registered debt counsellors (NCRDC3106)

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