debt counseling – once a help with debt debt counselor has accepted your application he or she will inform all your creditors and every registered credit bureau that you have applied for debt counseling. watch: how debt counselling works, and what you save.
how to choose a credit counseling service. Many financial planners offer debt counseling services that resemble the debt management programs offered by many for-profit and nonprofit credit counselors

Financial and debt counselling company Debtbusters says it’s seen an 18% increase in inquiries for counselling. It says many people are seeking help due to the after-effects of lockdown. More South Africans are living off credit cards. Benay Sager, Chief Operating Officer at Debtbusters, speaks to #eNCA Courtesy #DStv403

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Chapter 22 – Communication & Financial Counselling – Part II

How long does it take to apply for debt counselling? More here: http://www.debtcounsellinghelp.co.za/FAQ.php

The application process is super easy and we protect you immediately from creditors.
We have a very experience back office team that will process your application as soon as we receive your form 16 plus supporting documents.

We will notify all your creditors with a 17.1 Notice. This takes 2-5 days, normally shorter. As soon as all your creditors have been informed, you are protected from creditors.

Please go to the www.debtcounsellinghelp.co.za for more info on the debt counselling process.

How to apply for debt counselling: http://youtu.be/vFTs9xJOr-s
Debt Counselling Application http://www.youtube.com/watch?v=ho450da3rus

Focused and dedicated in resolving over-indebted consumers’ debt problems for over 12 years.
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What is mandatory credit counselling?
Credit counselling refers to the two counselling sessions, a person filing bankruptcy or a consumer proposal, is required to take before he can be discharged from bankruptcy.
Usually the counselling sessions are held at the trustee office.
The purpose of the counselling sessions is to provide financial information skills to the debtor in the hope that these skills will better prepare the debtor to make sound financial decisions.
The Office of the Superintendent of Bankruptcy has provided the following standards for trustees to follow:
First Counselling Stage — Consumer and Credit Education
The qualified counsellor shall present information to provide the bankrupt and/or relative, or a consumer debtor, with consumer advice in the areas of:
(i) money management;
(ii) spending and shopping habits;
(iii) warning signs of financial difficulties; and
(iv) obtaining and using credit.
Second Counselling Stage — Identification of Roadblocks to Solvency and Rehabilitation
The second stage is to determine the budgetary and/or non-budgetary causes of insolvency or bankruptcy and requires that the qualified counsellor:
(a) follow up on the application by the debtor of the principles presented in the first stage to assist the debtor, to better understand his or her strengths and weaknesses with regard to money management and budgeting skills;
(b) assist, where appropriate, the bankrupt and/or relative, or a consumer debtor:
(i) to identify the non-budgetary causes (such as gambling abuse, compulsive behaviour, substance abuse, employment and marital or family difficulties) that may have contributed to his or her financial difficulties;
(ii) to better understand his or her behaviour in financial management and consumption habits; and
(iii) to make him or her aware of the existence of resources that will help him or her achieve and maintain economic stability; and
(c) cooperatively with the debtor, develop recommendations and alternatives for a financial plan of action that, if appropriate, may include referral for specialized counselling to deal with non-budgetary causes of insolvency.

So does counselling succeed in its objective to better educate debtors so they can better manage with their finances? Some trustees think that counselling is very useful; or even essential.
Saul Schwartz: Counselling the Overindebted: A Comparative Perspective (2005) https://www.ic.gc.ca/eic/site/bsf-osb.nsf/vwapj/Schwartz-2005-ENG.pdf/$FILE/Schwartz-2005-ENG.pdf
Trustees as Noted by Saul Schwartz’s Study (above):
The trustee supports mandatory counselling despite believing, as do most trustees, that bankruptcy is not often an avoidable consequence of personal irresponsibility or ignorance.

Many trustees believe that their clients’ bankruptcies are unavoidable because they are caused by events such as unemployment, illness or family disruption.
I think that counselling is ineffective for the reasons I give in this article. https://www.bankruptcycanada.com/why-counselling-should-be-discontinued.htm

Debt counseling is the process where any one hands over all of your financial information to a qualified, experience and professional debt counsellor.

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