+27 (0) 10 591 3100
ADRS

Recover Your Money Owed
Established Network of Auctioneers
Selling of Assets Handed Over
Strict Compliance with the National Act

Auctioneering Services

Selling assets handed back in terms of the voluntary surrender process.

As an addition to its asset recovery service, ADRS has also established a network of auctioneers and created the ADRS Auctioneering Management System by which the selling of assets handed back in terms of the voluntary surrender process is managed.

We have set up the ADRS Auctioneering Management System in accordance with the requirements of the National Credit Act and is designed to facilitate the entire process.

The auctioneers are managed by the ADRS management team and audits are performed on auctioneers in order to ensure that auctioneers comply with the law and the ADRS operational standards.

Our auctioneering services process is:

  • Compliance with section 127 of the National Credit Act
  • The capturing of the sale proceeds
  • Management reporting to evaluate the value estimates and sale proceeds
  • The taking into stock of the goods surrendered by the auctioneer
  • Initial estimate of the expected proceeds
  • The selling of the goods on auction
  • The processing of payment from the auctioneer to ADRS and from ADRS to the client

Meet some of our clients

For more information on our debt collection and recovery services
call us on +27 (0) 10 591 3100 or submit the form below