After rehabilitation credit records are cleared

After rehabilitation your sequestration status is lifted. Your credit record at the credit bureaus is also cleared.

REHABILITATE FOUR YEARS OR TEN YEARS OR SOONER AFTER SEQUESTRATION

You can apply to Court for rehabilitation FOUR years after date of sequestration.

You can also wait for ten years because then you are automatically rehabilitated and you do not have to approach a Court.

YOU CAN REHABILITATE SOONER

You can apply for rehabilitation before FOUR YEARS under the following circumstances:

REHABILITATION ONLY AFTER FOUR YEARS, UNLESS THE FOLLOWING
EXIST THEN YOU CAN REHABILITATE AFTER SIX MONTHS OR LESS:

 • No creditor proved a claim against your insolvent estate

If you pay 50% of all your outstanding debt after sequestration

You can pay all creditors and costs and then be rehabilitated immediately

If you owned assets and the proceeds were sufficient to pay all creditors

GET REHABILITATED SHORTLY AFTER SEQUESTRATION BY PAYING 50% OF ALL DEBT

You can also offer to pay 50% of all your outstanding debt after sequestration.

Once you have paid all the costs in the estate you can apply for rehabilitation even if it is only a few months after date of sequestration.

GET REHABILITATED AS SOON AS ALL CREDITORS WERE PAID

If the proceeds in your insolvent estate was sufficient to pay all creditors, then you can apply for rehabilitation almost immediately.

For example if there was a house that was sold for enough to settle all debt then you can also apply to be rehabilited sooner

THE PURPOSE OF BEING REHABILITATED

Allows you to take part in the economy again.

Being rehabilitated is to leave the past behind and go into a new future in a better financial position without being dragged down by a bad history.

Once the rehabilitation order is granted, we send a copy of it to the credit bureaus. They must then remove the word “sequestrated” and replace it with the word “rehabilitated”.

Record of all debt that was incurred before date of sequestration must also be removed so that your record is clean.