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Business Rescue Practitioners

Advantages of Corporate Business Rescue As a result of financial difficulties experienced during the South African lockdown period, many companies are at the crossroads of having to choose between liquidation and business rescue. Some are still able to function but...

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Business Rescue Practitioners

Business Rescue Practitioners: Roles and Requirements Business rescue is the process whereby a company in financial distress is restructured under the supervision of an appointed business rescue practitioner to bring it back to a state of solvency and thus the ability...

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What is Business Rescue?

Many South African companies have to close their doors because they have not been able to continue normal operations during the lockdown period. Although liquidation is certainly an option, it also entails large-scale job losses and subsequent financial distress for...

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What Happens if a Company is Liquidated in South Africa?

Company liquidations in South Africa are more common than most people realise. The two main types of liquidations are: CIPC liquidation Court application for liquidation   What Is the Difference? The deregistration of a company at CIPC is also referred to as...

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Apply for Voluntary Sequestration

What You Need to Know to Apply for Voluntary Sequestration in South Africa Did you lose a large part of your income during the South African response to the worldwide health crisis? Are you afraid that the creditors may initiate legal proceedings for debt collection?...

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What Happens When a Company Goes into Insolvency?

The recent worldwide health crisis and the subsequent world economic crisis have led to many business failures. In South Africa, hair stylists, restaurants, and many accommodation establishments, such as resorts and bed and breakfast type guesthouses are still not...

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What is the Sequestration Process?

The sequestration process entails legal proceedings whereby an applicant applies to be declared bankrupt or where a creditor applies to the court with the help of attorneys to have a debtor be declared bankrupt.   Voluntary Sequestration in A Nutshell With...

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How Can Sequestration Attorneys Help You?

How Can Sequestration Attorneys Help with Financial Rehabilitation in Pretoria? The economic crisis affects everyone, from small businesses and contract workers to employers and employees alike. Some people are affected more than others. If you are at the receiving...

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How to Get Out of Debt

How to Get Out of Debt During the Economic Crisis in South Africa: Filing for Bankruptcy It is no longer a matter of not getting into debt, but how to get out of debt. The worldwide 2020 COVID-19 health crisis has led to governments taking decisive actions to combat...

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