Rehabilitation
Rehabilitation after sequestration is the process through which a person who previously surrendered their estate to the High Court of South Africa through sequestration, and have subsequently been declared insolvent, restores their legal status to that of solvent.
Rehabilitation thus relieves the insolvent individual of the legal implications of being insolvent and restores their ability to become a credit worthy consumer.
Rehabilitation is the legal process as governed by the Insolvency Act 24 of 1936 under Sections 124 and 127A.
