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Issuing Of A Clearance Certificate (Rehabilitation)

The debt counselor has an important function of clearing the records concerning any debt re-arrangement, which is loosely referred to as rehabilitation. If a consumer requires rehabilitation, he must fully settle all his debts, and thereafter apply, to a debt counselor, for a Clearance Certificate.
The debt counselor investigates the circumstances of the debt re-arrangement

and, if satisfied that the obligations of the credit agreements under the debt re-

arrangement or the court order have been complied with, issues a Clearance

Certificate (Form 19).
Information relating to any default by the consumer that may have:

  • precipitated the debt re-arrangement, or
  • been considered in making the debt re-arrangement order or agreement, and
  • Any record that a particular credit agreement was subject to the relevant debt re-arrangement order or agreement. 

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