What is repossession

Repossession is the legal term refering to the process in which a bank will “take back” an asset that was financed. This is usually secured debt like vehicles or houses

If you are in arrears with your bond or vehicle finance the bank may opt for repossession.

They will need the following to obtain a repossession order.

Section 129 Notice

Summons

Judgement

Execution order and attachment order

Notice of Sale in Execution

Once your asset has been sold you will be liable for the outstanding amount (shortfall)

Thank you for assisting us with our debt problems. Your reduced repayment plan saved us. Thumbs up!!

Peter van Tonder, Pretoria

No more calls from creditors and spare money at the end of the month. I am glad I decided on Debt review

Jane, Viljoen

My car was about to be repossessed and you stop it. Thank you for your fast and friendly service

Mandla Rakgatha, Soshanguve

Baie dankie vir julle vinnige en professionele hulp. Ek kan nou weer asem haal terwyl ek weet my skuld word betaal.

Cindy Malherbe, Witrivier, Mpumalanga

I did not know where to turn to. Debt was swallowing us. Thank you for assisting us so fast

Collin Swart, Benoni

Contact us


Free advice and consultations here
0
Debt counselling applications since 2007
0
Insolvency applications since 1999
0
Preventing repossession applications since 1999

What is repossession South Africa

If you are facing repossession or your assets have been sold on auction, please contact us for options available to you.

We are repossessions toppers and we can have the shortfall written off

stop repossession, prevent repossession, preventing repossession, avoid repossession, stop sheriff auctions,how to stop repossession, how to prevent repossession

Cape Town, Western Cape, Durban, KwaZulu-Natal, Johannesburg Randburg, Soweto, Gauteng, Pretoria, Upington, Port Elizabeth, Eastern Cape, Pietermaritzburg Brakpan, Benoni, Ellisras, Tembisa, Centurion, East London, Polokwane