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Durban Administrators Durban

ARE YOU IN FINANCIAL CRISES?

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18 Years in Business
5 Employees

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WHAT IS AN ADMINISTRATION ORDER?
An Administration Order is granted when a debtor is unable to meet his/her financial commitments.
His/hers expenses exceed his/her monthly income. As a result of this he/she is faced with unpaid bills and creditors hounding him/her for payment.
An application is made to court for the granting of an Administration Order in his/her favour.
The Administrator of Durban Administrators is appointed to administer the person’s debt. An affordability assessment is done to determine the amount payable towards the Administration Order.