Debt Consultants

Website

http://www.libertineconsultants.co.za/

Email Id

info@libertineconsultants.co.za

Website:- http://www.libertineconsultants.co.za/ Email: info@libertineconsultants.co.za

About Libertine Consultants
Welcome to the home of Libertine Consultants - Get FREE debt
counselling from our qualified debt advisors on Debt Consolidation.
Ethical financial help is hard to find.

We offer our clients transparency in the various ways we can help them
in their current financial difficulties. Debt consolidation may be a viable
option for many people who feel they need help clearing their debt. It's
combining your payments into one monthly amount could seem
appealing. Get started by contacting us for debt counselling.


Debt Management Team
The Company is a registered close corporation with registration
number 2008/148827/23. We are also registered with the National
Credit Regulator under registration number NCRDC592. There are two
members of the company, namely Julie Duminy and Kim Armfield.

Julie Duminy is the head of Client Liaison. Julie was a Micro-Finance
Agent with the Land Bank for a number of years and also held
workshops to train and eductate people in budgeting and saving.

Kim Armfield is the legal adviser and the sole director of her attorney
firm. Kim started her career in 1989 in an attorneys debt collection
department and her 10 years in debt collection has proven invaluable.


Debt Consolidation
There are many ways to consolidate your debts. In most cases you
can consolidate your debts or outgoings into one lower affordable
monthly payment.

We offer the following three products to assist over-indebted
consumers:

Debt review

Voluntary distributions

Sequestrations

Administration of Estates

Business Rescue & Turnaround

Consolidation Loans

Credit Clearance


Benefits of Debt Consolidation

Replace multiple debt repayments with a single monthly payment

Cut your monthly costs

Know exactly when your debts will be repaid

Stop 'juggling' multiple debts - and multiple lenders

Write off the debt you can't afford


Debt Review (Debt Counselling)
Debt counselling is a form of debt consolidation in that one payment is
made for all creditors, but it is not a loan. It is a process that has been
created by the National Credit Act of 1995 and the process entails the
following:

A Consumer who is struggling to maintain all his monthly payments will
apply to a Debt Counsellor.

Once the Consumer applies for debt review, the Debt Counsellor must
inform all the Creditors of this by means of a form and the notifies the
National Credit Regulator of the application.


Sequestrations
This is the most drastic debt-relief measure and is suitable for those
consumers whose assets exceed their liabilities. It is a formal process
which involves a court application in which it must be shown that the
consumer has sufficient assets which can be realized and in order to pay
creditors at least 20c/R.

Although it is a drastic measure, it is a remedy which clears the debt of a
consumer without the actual balances due to the creditors being paid.
The consumer may thereafter and within a reasonable time period apply
to be rehabilitated in order to re-enter the economic market.


Voluntary Distribution
Voluntary distribution has been around long before debt review and
it is traditionally an assistance by an attorneys firm to help draft and
make offers to creditors on behalf of the consumer. In other words,
the attorney becomes the agent or mouthpiece of the consumer in
negotiations with creditors.


Business Rescue & Turnaround
Business rescue was introduced by Chapter 6 of the Companies Act, 71
of 2008, as an alternative to judicial management and liquidation of a
company. It is a measure that should be adopted before the close
corporation or company is factually insolvent, as any proposed business
plan must in practice envisage the rescue and turnaround of the
business.


Contact Us

Libertine Consultants

7 Voortrekker Road Bellville,
Western Cape, South Africa 7530
Phone: +27 (021) 949 2211
t: +27 (21) 949 2211
f: 0866 90 66 24 / +27 (21) 949 1156

e: info@libertineconsultants.co.za


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