Sunday, December 6, 2009

Removal of Notices

This article will explain removal of notices (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 Similarly, a person under Administration can pay up his/ her debts and the Administration Order is then rescinded.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 Administration Orders are recorded for 10 years unless rescinded in which case the Administration Order is removed. For more information on removal of notices please go to: www.creditsalvage.co.za

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