The effect of rehabilitation in relation to the person of the insolvent is to eliminate his status as an insolvent, irrespective whether the aforementioned rehabilitation is granted by a High Court, or whether it is automatic due to an efflux of 10 years since the date of sequestration. In the words of the statute: rehabilitation has the effect “of putting an end to the sequestration” and “of relieving the insolvent of every disability resulting from the sequestration”. It also has the effect of discharging any and all of the debts as existing at the date of sequestration, including debts owed to foreign creditors (except for any such which arose out of fraud).