Debt rearrangement order
A court or tribunal order that rearranges qualifying credit-agreement repayments in a debt-review process.
Definition
A debt rearrangement order usually follows debt-counselling assessment and proposed repayment restructuring under the National Credit Act route. The practical review should check the debt counsellor records, court or tribunal order, listed credit agreements, payment distribution, interest and costs, termination notices, arrears, clearance-certificate issues, and whether later enforcement matches the order.
Key takeaways
A court or tribunal order that rearranges qualifying credit-agreement repayments in a debt-review process.
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Debt review order
Credit provider enforcement
Debt review payment dispute
Related resources
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Banking and FinanceFAQs
Debt rearrangement order FAQs
What does Debt rearrangement order mean?
A court or tribunal order that rearranges qualifying credit-agreement repayments in a debt-review process.
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