The law provides for the fact that you may apply to the High Court for a rehabilitation of your estate after four years of date of insolvency, thus restoring your credit worthiness. If you do not apply, you will be automatically rehabilitated only after 10 years.
The application takes in excess of seven weeks; it therefore prevalent to start with the application three months prior to the lapsing of the four-year period. We also, on instruction, need to confirm with the court appointed curator of your estate whether there was contribution levied against your estate or not. Contribution is levied against the creditors when the estate could not generate enough funds to pay for the administration costs of the estate. The contribution amount may vary. The contribution amount has to be paid to the estate before the court will allow rehabilitation.