What happens if all or some of my credit providers do not accept the debt repayment plan?
Credit providers have the right to reject the debt repayment plans constructed by DebtBusters.
DebtBusters will do their best to construct a new repayment plan for the credit providers, however if this is not successful, the matter will be referred to the Magistrate’s Court for further examination and final decision making.
DebtBusters has to prove to the Magistrates Court that the budget worked out by the company for the client is reasonable. Even if certain credit providers reject the debt restructuring proposal, DebtBusters can get a court order granted by the Magistrates Court, which will formalise the debt rearrangement proposal.
Therefore meaning the clients debt will officially be restructured and the process so far will be successful.