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Clearing Name from Debt

Questions & AnswersClearing Name from Debt
Gustaf Jenning asked 2 years ago

Good day,

I was under sequestration for 4 years. I paid all the money. I need to clear my name now. What steps do I need to take?

1 Answers
Matthys Potgieter Staff answered 2 years ago

Hi there,

Thank you for getting in touch.

Congratulations on repaying all your debt. Your next step would be to apply for a Rehabilitation order.

This process basically sets aside the sequestration order and states that you have honoured all your obligations in terms thereof and that you are now rehabilitated.

The cost for a rehabilitation order might vary from attorney to attorney. It is also important to send your rehabilitation order to all the credit bureaus to ensure that your credit profile is restored and the adverse information removed.

Have a great day.