Corporate Debt Recovery
Corporate debt restructuring is the reorganization of a distressed company's outstanding obligations to
restore its liquidity and keep it in business.
It is often achieved by way of negotiation between distressed
companies and their creditors, such as banks and other financial institutions, by reducing the total amount of
debt the company has, and by decreasing the interest rate it pays while increasing the period it must pay the
obligation back.
The purpose of a corporate debt restructuring is to restore liquidity to a company so that it
can avoid bankruptcy. A corporate debt restructuring usually reduces the levels of debt, decreases the
interest rate on the debt, and increases the time to pay the debt back.
Debt Review is a process that helps customers who are struggling to meet their debt obligations. A debt
counsellor approaches your creditors and makes payment arrangements on your behalf, reducing your
payments to a manageable amount monthly.
How long the debt review process lasts depends on a few things, such as the amount of debt that you have
and how much you can afford to repay, amongst others. Typically, it takes 36 - 60 months to complete the
process, be declared debt-free, and get your clearance certificate.
Duration: 21 Days
Fee: From R3500(fee differs per profile)
