Cure Debt offers Debt Relief Services to individuals that fell into financial disarray.

The remedy of Debt Review is well established in our law and is regulated by the National credit Act 34 of 2005, as well as the regulatory body called, the National Credit Regulator (NCR).

In short, Debt Review is a process where the Debtor arranges with his Creditors more affordable monthly instalments and is facilitated by a registered Debt Counsellor. This process is intended to assist consumers struggling with debt. The Debt Counsellor will negotiate on your behalf, with Creditors for reduced instalments and interest rates to restructure your debt.

The Debt Review program has a high success rate if the Debtor is committed to paying off his or her debt and the payment period could even be reduced should the Debtor have more disposable funds available for payment, over and above  his / her agreed monthly instalments.

The Debt Review remedy will protect you against legal action from your Creditors as long as you adhere to the agreed payment plan between you and them.

You will not lose any of you assets. Complete the OBLIGATION FREE DEBT ASSESSMENT and receive a FREE CONSULTATION. 

The sequestration remedy is regulated by the Insolvency Act 24 of 1936, and it is a process whereby the debtor’s insolvent estate is placed in the hands of the Master of the High Court.  Complete the OBLIGATION FREE DEBT ASSESSMENT and receive a FREE CONSULTATION. Read more about the Process on our BLOG.

A debtor is entitled to apply, to the High Court, to surrender his/her estate on a voluntary basis. In such an application he must convince the Court that it will be to the Creditors’ advantage if the Court grants his application. This is a highly effective remedy and the Debtor can get rid of up to 80% of his debt with such an application. Complete the OBLIGATION FREE DEBT ASSESSMENT and receive a FREE CONSULTATION. Read more about the Process on our BLOG.

This sequestration is being affected by the Creditor, who is the applicant in the Court Application, and is based on a liquid claim the Creditor has against the Debtor, for example, money lent to the Debtor by the Creditor. In these sequestrations, the appointed administrator (curator), is compelled to hunt for assets.

Take note that during the Debtor’s period of insolvency, he is not entitled to incur any debt, and/or serve as a director of a company.  

Complete the OBLIGATION FREE DEBT ASSESSMENT and receive a FREE CONSULTATION. Read more about the Process on our BLOG.

Rehabilitation after Sequestration is a remedy available to the insolvent and is also regulated by the Insolvency Act 24 of 1936.

The insolvent will approach the High Court with an application where he or she must convince the Court that the administration on the Insolvent Estate is completed and that he is indeed no longer insolvent.

This application can take place, in most cases, within approximately three to five years after the date of sequestration. The rehabilitated individual will be allowed to trade as usual and apply for loans, should he wish to do so and he will be in a position to rebuild his Credit Profile.

Complete the OBLIGATION FREE REHABILITATION ASSESSMENT and receive a FREE CONSULTATION. 

Credit Profile Management is of utmost importance for an individual to know how to manage his/her Credit Profile Properly.  This includes the declaring of disputes at the respective credit bureaus. 

Cure Debt assists their clients to ensure that the information contained on their Credit Profile, is a true reflection of the management of the profile.

 An individual will be advised to study his/her Creditor Profile once per annum. There are 4 different major Credit Bureaus and you are entitled to one free credit report per annum, from each of these credit bureaus. Utilise the following links to obtain a copy of your Credit Profile from one of the 4 major Credit Bureaus:

This remedy is available to Business Owners who's Businesses are struggling financially.

The Liquidation of a Company is regulated by certain extracts of the Insolvency Act 24 of 1936 as well as the Company Act, Act 71 of 2008.

Insolvency of a Company is based on the question, can the Company pay its Creditors, yes or no. If the answer is no, and there is no legitimate expectation that this situation will change, the Directors, of such a Company, are committing the Criminal Act, of Reckless Trading.

The Directors of a Company are entitled to Liquidate a Company when they are of the opinion that they are Trading Recklessly. There are different ways to affect such a Liquidation.

Complete the OBLIGATION FREE BUSINESS DEBT ASSESSMENT and receive a FREE CONSULTATION.

This is an application where the Creditor, of the Debtor Company, applies to the High Court, for an order to Liquidate the Debtor Company in question.

The debt must be a liquid claim, for example, goods delivered and received, but not paid, or a loan to the debtor company. This is a High Court application and the Company will be placed in the hands of the Master of the High Court who will appoint a Liquidator to deal with the administration of the Insolvent Company’s Estate.

Where a company in financial distress has the remedy to implement a business rescue plan to try to avoid liquidating the company such a plan must be compiled by a recognized business rescue practitioner.  

The court may be approached to assist the company by limiting litigation against the company whilst the company is under Business rescue. This is an expensive process and the business rescue practitioner’s involvement is quite extensive and therefore expensive. This remedy is normally too expensive for a small company.

Complete the OBLIGATION FREE BUSINESS DEBT ASSESSMENT and receive a FREE CONSULTATION.