If you cannot afford to pay all of your debt instalments and living expenses you qualify for debt review. Once you are declared over indebted a proposal is made to your creditors for repayment of your debt at reduced instalments and interest rates. Apart from the relief provided by lowered interest rates and instalments, your assets (house and car) are also protected from legal action (from date of application) as long as you abide by the debt review repayment plan.