Debt Review

At SHB Inc, we specialise in providing professional legal assistance with Debt Review services, helping individuals who are overwhelmed by debt regain control of their finances and protect their assets. Our team of skilled attorneys works closely with clients to provide tailored legal solutions that ensure compliance with the National Credit Act (NCA), while striving for the best possible outcome for each client. Whether you are struggling with personal debt, facing legal action from creditors, or simply looking to restructure your finances, we are here to help you navigate the complex process of debt review, this includes: 

Debt Review (Debt Counseling):

• We assist individuals who are over-indebted in applying for Debt Review, which is a legal process that allows for debt restructuring in accordance with the National Credit Act.

• Our legal team assesses your financial situation, negotiates with creditors, and creates a sustainable payment plan that reduces your monthly debt burden while avoiding legal action.

Debt Restructuring:

• As part of the debt review process, we work with creditors to restructure your debts by extending payment terms, reducing interest rates, or even negotiating for debt reductions.

• Our attorneys ensure that the new terms are fair and manageable, helping you achieve long-term financial stability.

Protection Against Legal Action:

• Once you enter the debt review process, you are legally protected from creditor harassment, legal proceedings, and asset repossession.

• Our firm provides ongoing support to ensure that your rights are upheld throughout the debt review process and that you are protected from collection actions.

Debt Settlement Negotiation:

• In cases where debt review may not be the best solution, we assist in negotiating debt settlements directly with creditors. This may involve agreeing on a lump sum settlement or reducing the overall debt owed.

• We work diligently to achieve the most favorable settlement terms, helping clients reduce their financial obligations.

Court Applications for Debt Review:

• If creditors refuse to accept the debt review process or continue legal action despite entering debt review, we represent clients in court to ensure that the debt review process is recognized and adhered to.

• Our experienced litigation team advocates for your interests in court, ensuring that the process is followed correctly and creditors are held accountable.

Debt Review Completion and Clearance:

• Once you have completed the debt review process and successfully repaid your debts under the restructured payment plan, we assist in obtaining a debt clearance certificate from your debt counselor.

• We ensure that your name is removed from the credit bureaus, enabling you to restore your creditworthiness and begin rebuilding your financial future.

Rehabilitation of Credit Score:

• After successfully completing the debt review process, we guide you through steps to rehabilitate your credit score, helping you rebuild your financial reputation and regain access to credit.

• Our attorneys provide advice on how to manage finances moving forward to avoid falling back into over-indebtedness.