WHAT IS VOLUNTARY LIQUIDATION? HOW DOES IT AFFECT A SOLVENT COMPANY? According to the information from Stats SA, a significant increase in compulsory and voluntary liquidations have been reported for the last six months of 2020. The lockdown regulations have made it difficult for businesses to pay creditors. In light of the recent ban on alcohol sales and beach closures, more businesses can be expected… Read More »WHAT IS VOLUNTARY LIQUIDATION?

GET HELP: ANSWERS ON QUESTIONS ABOUT SEQUESTRATIONS AND REHABILITATION PROCESSES We can expect to see even more applications for compulsory and voluntary sequestrations with the return to limits on operating hours, strict curfews, a ban on the sale of alcohol, limiting the number of people that can gather, and the closure of beaches, as announced recently. Thousands of people in South Africa have already lost… Read More »SEQUESTRATIONS

IS YOUR COMPANY INSOLVENT? IS LIQUIDATION THE IMMEDIATE NEXT STEP? Understanding the process of liquidation can help you to take the necessary steps to minimise the effects on your employees. It can also help you to determine whether it is the appropriate route to follow. First, you need to determine if your firm is insolvent and if alternatives to liquidation are relevant to your situation.… Read More »LIQUIDATION

THE NEGATIVE EFFECTS OF SEQUESTRATION: CLEARING UP CONFUSION As with every solution to debt problems, there is a positive and a negative side to sequestration. For you to make an informed decision on whether or not sequestration is the most appropriate solution for your debt problems, it is imperative that you also consider the negative effects. Distinguishing between a fact and myth is also crucial.… Read More »NEGATIVE EFFECTS OF SEQUESTRATION

INSOLVENCY PRACTITIONERS: WHAT YOU NEED TO KNOW ABOUT BUSINESS RESCUE IN SOUTH AFRICA As insolvency practitioners in South Africa, we work with sequestrations of individuals, liquidations of companies, and business rescue operations. It is the latter upon which we focus in this article to help you decide whether or not to apply for business rescue/administration, enter into a compromise with creditors with the help of… Read More »INSOLVENCY PRACTITIONERS IN SOUTH AFRICA

IS YOUR COMPANY IN FINANCIAL DISTRESS OR INSOLVENT? HELP FROM LIQUIDATION SPECIALISTS A company in South Africa must stop trading if it is insolvent. To be insolvent, the company’s liabilities must exceed its assets and it must be unable to pay its debts when due. However, liquidation is not the only option. It is thus best to seek legal help from liquidation specialists right from… Read More »LIQUIDATION SPECIALISTS

SEQUESTRATION SPECIALISTS IN SOUTH AFRICA: ANSWERS TO YOUR QUESTIONS Insolvency proceedings are complex. It is thus recommended to make use of sequestration specialists in South Africa as specific laws pertain to insolvencies in the country. We take a closer look at some of the questions about sequestration in South Africa below, helping you to gain a better understanding of the process and how insolvency specialists… Read More »SEQUESTRATION SPECIALISTS IN SOUTH AFRICA

GET HELP WITH VOLUNTARY LIQUIDATION AND AVOID COSTLY MISTAKES If your company’s liabilities exceed its assets, and your company is not able to pay its debts when due or there is a high likelihood that it will not be able to do so within the next six months, it must stop trading. You have the options of business rescue, compromise, or voluntary liquidation. For the purpose… Read More »GET HELP WITH VOLUNTARY LIQUIDATION

GET PROFESSIONAL HELP FROM INSOLVENCY ATTORNEYS TO AVOID THESE MISTAKES Unforeseen events can cause a person to lose everything they own. For a farmer, something like a fire out of control can spell the end of their farming success. Combine the after effects of a long drought, lockdown that has limited the ability to trade, and now the devastating fires that have destroyed vast stretches… Read More »GET PROFESSIONAL HELP FROM INSOLVENCY PRACTITIONERS

AVOID THESE OFFENCES WHEN YOU APPLY FOR SEQUESTRATION IN SOUTH AFRICA You can apply for sequestration in South Africa if you are cash and capital insolvent. This means you must be unable to pay your debts when due and your liabilities must exceed your assets. That said, it is possible to still apply for voluntary sequestration if you are cash-flow insolvent. This may be the… Read More »APPLY FOR SEQUESTRATION