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The insolvency of a party comes to an end when he is rehabilitated. The insolvent is automatically rehabilitated within 10 years from the date of his sequestration. The insolvent may apply to Court within 10 years of his sequestration. He may apply immediately if there has been a composition of not less then 50c in the rand. In all other instances he may apply for rehabilitation of his estate:
The insolvent must give 6 weeks notice of his intention to apply by advertisement in the government Gazette and by written notice to the master and his trustee. He must also provide security to the amount of R500.00 (five hundred Rand) for the payment of the costs of any opposition which the insolvent may be ordered to pay. A substantive application is then launched to the High Court of South Africa wish is complicated and we do not intend to deal with the procedure and content of the application in this website. For further information please contact us.
163 Bayers Naude
Tel (011) 782-1221
Fax (011) 782-3435