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Administration Removal

You can be removed from administration if there is good cause for a rescission of the admin order. The term 'good cause' means you can afford to pay the normal contractual instalments on your accounts.
You can apply that the Magistrate Court in terms of the Magistrates Act, 1944 (ACT no. 32 of 1944) remove you.
It is important to know that even once you have paid the creditors placed under administration in full, the administration order will not automatically be removed from your credit record.
You still need to go to court to rescind the administration order and obtain a 74Q Rescission Court Order.

What is an administration order?

  • It is an order made by a Magistrate's Court setting out different amounts that a person ("debtor") must pay towards his/her outstanding debt with one or more persons ("creditor/s").
  • Once a client has been removed from being under administration, they are placed under a debt- mediation process to pay the balance of the debt owed.
  • An example of a repayment plan is where the debtor pays his/her outstanding debt in affordable monthly instalments to each creditor.
  • If a court order has been made, the debtor's estate will be placed under administration ("administration order"). This means that an Administrator is appointed who will ensure that the debtor pays the amounts due in terms of a judgment or other financial obligations.
  • If the debtor is married in community of property, the joint estate will be placed under administration. This means that both the debtor and his/her spouse will be affected by the administration order.
  • Duration: 21 Days
  • Fee: From R3500(fee differs per profile)