SUMMARYSummary • October 30th, 2012
Contract Type FiledOctober 30th, 2012Credit agreement – consumer credit agreement debt review proceedings – creditor lawfully withdrawing from debt review process – creditor first proceeding by way of action against debtors and later by motion proceedings – pursuant to unsuccessful summary judgment – such conduct on part of creditor having undesirable effect of increasing legal costs when debtors already impecunious – what constitutes “security” for the creditor for payment of debt owing in terms of the credit agreement.