What is rehabilitation?

What is rehabilitation?

The insolvency of a party comes to an end when the insolvent is rehabilitated. Rehabilitation enables a person who has been sequestrated to make a fresh start, free from pre-sequestration debts and from the restrictions placed on the insolvent by the sequestration. A consumer who becomes sequestrated may after a few years become rehabilitated. The consumer can start applying for credit again.

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