How long does it take to rehabilitate?

We first need to do an analysis to confirm that you qualify for rehabilitation in terms of Section 124 of the Insolvency Act. Then we need to confirm in terms of which subsection the application will be brought - the process takes about 2 weeks.

 

Usually we are required to give 6 weeks notice of our intention to apply for rehabilitation and the notice in the Government Gazette must be placed a week in advance, thus adding 7 weeks to the process.

 

We advise clients that the process could be finalized within a 9 week period, provided that a court date has been obtained. In some cases, such as applications brought in the Gauteng North High Court, court dates need to be applied for almost 12 weeks in advance.

 

Do take note that we only apply for a court date once we have confirmed that our client does in fact qualify for rehabilitation.

 

 

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