ISSUES REGARDING LIQUIDATION OF YOUR BUSINESS If a creditor wants to bring an application for liquidation of your company, the creditor must be able to prove that it would be fair and just to liquidate your company. The creditor must prove that your company is insolvent and thus unable to pay its debts. If you want to bring a voluntary application for liquidation of your… Read More »LIQUIDATION

HOW TO START WITH THE VOLUNTARY LIQUIDATION APPLICATION PROCESS The liquidation application process, unlike with the sequestration application process, does not require a business to have cash or assets sufficient to ensure that the sale thereof can provide for the minimum benefit to creditors and pay for the liquidation process. This is so because, according to the regulations of the Companies Act and the Trust… Read More »LIQUIDATION APPLICATION PROCESS

LIQUIDATION AS ONE OF THE DEBT SOLUTIONS THAT WORK FOR A COMPANY If your business is in trouble, it is essential to take proactive steps in seeking debt solutions that work. Business rescue is one such a debt solution that can work very well. However, if it is not a viable way to save the business, it is time to apply for voluntary liquidation. Perhaps you have… Read More »DEBT SOLUTIONS THAT WORK

BASICS REGARDING THE VOLUNTARY LIQUIDATION OF A COMPANY Unlike with the sequestration of an individual, with the voluntary liquidation of a company, the business does not require cash or assets that are sufficient to ensure sale thereof will be enough to provide for minimum benefit to creditors. If the liabilities of the company exceed the business assets, the business is insolvent and according to the… Read More »LIQUIDATION OF A COMPANY

VOLUNTARY SEQUESTRATION AS ONE OF THE OVERLOOKED DEBT SOLUTIONS IN SOUTH AFRICA Misconceptions about debt solutions in South Africa keep many consumers in tremendous debt. For one, if a debtor signs admission of debt and an agreement to pay off the debt with a debt collecting attorney, that debtor can stay in this dire financial situation for an exceptionally long time. The same holds true… Read More »DEBT SOLUTIONS IN SOUTH AFRICA

A Closer Look at Insolvency in South Africa The laws regarding insolvency in South Africa differ from other countries’. It is recommended that you make use of the services offered by experienced insolvency attorneys in South Africa, rather than relying on information shared on the Internet for other countries. We take a look at some of the terminology and questions regarding insolvency in South Africa… Read More »INSOLVENCY IN SOUTH AFRICA

QUESTIONS ABOUT INSOLVENCY IN SOUTH AFRICA If you make use of the services of experienced insolvency lawyers in South Africa, the process of voluntary sequestration will be completed more quickly and efficiently as you may expect. We take a look at some the questions you may have to help you gain a better understanding of insolvency and how experienced lawyers can help you. WHAT IS… Read More »EXPERIENCED INSOLVENCY LAWYERS

Are you Over-Indebted and Need Help from Experienced Insolvency Practitioners? Do you regularly receive calls from creditors and debt collectors demanding immediate payment of debt owed? Are you afraid of answering the phone, because you fear it may be the bank notifying you of foreclosure? Did you know that help is available from experienced insolvency practitioners? You need to assess your financial situation. Answer these… Read More »INSOLVENCY PRACTITIONERS

How to Become Debt Free through Voluntary Sequestration If you experience financial problems and have already taken steps to address them without success, and you want to know how to become debt free, you may want to consider voluntary sequestration. Once the process is completed, your financial problems will be something of the past. Instead of sitting with mounting debts, and having to juggle finances… Read More »HOW TO BECOME DEBT FREE

Help from Insolvency Practitioners in Gauteng on Questions of Voluntary Sequestration We take a brief look at some of the questions you may want to ask insolvency practitioners in Gauteng regarding voluntary sequestration and how the process can help you. What is the first step in voluntary sequestration if I owe money to creditors in Gauteng? First make an appointment with experienced insolvency practitioners in… Read More »INSOLVENCY PRACTITIONERS IN GAUTENG