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Creditor Issue During Debt Review

Questions & AnswersCategory: Debt ReviewCreditor Issue During Debt Review
Steven asked 10 months ago

Can a bank keep taking me back to court if I’m under debt review and challenge the court’s decision? FNB is now challenging my cascade amount on my bond and I’m now to appear in the high court.

1 Answers
Matthys Potgieter Staff answered 10 months ago

Hi there,

Thank you for your question.

Unfortunately, any case can be opposed.

They would need to bring proper arguments to support their case though.

It is important that your debt counsellor is involved in this case, for as long as you have made payments in line with the court order, it will be to your advantage.

There is a risk that the High Court can rule in favour of the bank, in which case there might be cost implication for you and your debt counsellor. It would be beneficial to see if you can settle the case outside of court.

Hope this info helps.
Kind regards