Articles - Removal of Notices

This article will explain removal of notices (www.creditsalvage.co.za <http://www.creditsalvage.co.za/> ) Notice information includes statutory judgements i.e. a Sequestration or Administration Order. These are issued when a consumer cannot pay or administer his/her debts. To qualify for removal of notices: A consumer that has been sequestrated may be rehabilitated. Similarly, a person under Administration can pay up his/ her debts and the Administration Order is then rescinded.

It is important to remember that when it comes to removal of notices: Sequestrations will remain on record for ten years unless the consumer is rehabilitated. The sequestration is removed and the rehabilitation notice will remain for a further five years thereafter. Administration Orders are recorded for 10 years unless rescinded in which case the Administration Order is removed.