Welcome to Prinsloo & Associates | Rehabilitation Experts

Rehabilitation

Contact Us On : 072 855 8106 or Email Us : nanika@nanikalaw.co.za

WHEN CAN YOU APPLY

In terms of the Insolvency Act Sequestration lasts for TEN years. After TEN years Rehabilitation is automatic. If one does not want to wait for ten years, you can rehabilitate sooner, then one can apply to the High Court FOUR years after sequestration. There are circumstances where one can apply to rehabilitate sooner.

 

HOW DOES THE
REHABILITATION PROCESS WORK

One can only be Rehabilitated by the High Court if it is not automatic after ten years.

A Rehabilitation Application must be lodged to Court after six weeks’ notice. The notice is placed in the Government Gazette.

The Application is placed on the Court roll as close to the end of the six weeks as possible. The advocate goes to Court (you do not have to) and obtains a Rehabilitation order.

As soon as the Order is granted, you are Rehabilitated.

We send a copy of the Order to the credit bureaus who must then clear your credit record (only of debt that was incurred before and up to your Sequestration) and your status must be changed from Sequestrated to Rehabilitated.

 

Get Rid Of Debt

Contact Us To Assist You With Your Application