GET HELP IN UNDERSTANDING THE LIQUIDATION PROCESS AND WALK AWAY FROM DEBT TODAY If your company is in severe financial trouble, with no option for business restructuring or rescue and without hope for financial investment, you will have to liquidate it. According to the Companies Act No 61 of 1973, a company may not keep on trading if it is insolvent. Even if it does not have… Read More »UNDERSTANDING THE LIQUIDATION PROCESS | NO MORE DEBT
EXPERT ADVICE TO BECOME DEBT FREE: LESS STRESS WITH LESS DEBT If your monthly income mainly goes towards paying creditors, then you are in trouble, but you are not the only one. Most South Africans have excessive liabilities besides their home loans and vehicle finance. If you do not want to be part of this category and want to have less stress with less debt,… Read More »EXPERT ADVICE TO BECOME DEBT FREE
WHAT YOU NEED TO KNOW ABOUT COMPANY LIQUIDATION IN SOUTH AFRICA How much do you know about company liquidation? In this article, we briefly answer some of the questions about what you need to know about company liquidation in South Africa. For comprehensive information, visit our liquidation section on the topic or complete the online form for an assessment. WHAT HAPPENS WHEN THE BUSINESS ENTITY IS LIQUIDATED? The assets are frozen, all civil proceedings… Read More »WHAT YOU NEED TO KNOW ABOUT COMPANY LIQUIDATION
Sequestration in South Africa is one way to deal with over-indebtedness. Sequestration in South Africa can be a means to an end to becoming debt-free. So far, As the aftermath of the worldwide response to the pandemic is still felt across all sectors, more people find it near impossible to avoid sequestration. If you also consider it a way to deal with mounting debt, make… Read More »SEQUESTRATION IN SOUTH AFRICA: WHAT YOU NEED TO KNOW
Many people struggle to get out of debt, but they can start by making smarter spending decisions and living within their means. It is not a simple process and takes a concerted effort along with time, but it is worth it in the long-term. Likewise, many of those who are struggling to get out of debt often do not know how much they owe and… Read More »HOW TO GET OUT OF DEBT – WHERE TO START?
Financial problems can happen at any time, and so, it is best to have a lawyer to help in these times. The attorneys have experience in dealing with credit matters, and they can assist with the process of insolvency as well. If you face a financial issue, such as bankruptcy, debt, or deficiency, then it is best to consult insolvency lawyers. They know which negotiation pitfalls… Read More »HOW INSOLVENCY LAWYERS CAN HELP WITH YOUR FINANCIAL PROBLEMS
The first thing to do if you consider negotiating with creditors regarding your debt is to consult with expert insolvency lawyers in Gauteng. They are able to answer your questions and help you avoid potentially costly pitfalls. Below are answers to questions you might have regarding voluntary sequestration, debt compromise, and dealing with your creditors. For expert guidance, seek advice from our insolvency lawyers in… Read More »EXPERT INSOLVENCY LAWYERS IN GAUTENG: YOUR QUESTIONS ANSWERED
Being sequestrated can be frustrating in terms of opening a business, entering credit agreements, or accepting your inheritance. Read on to find out what to do and what you need to know regarding rehabilitation after sequestration. SEQUESTRATION REHABILITATION – YOU MUST APPLY TO COURT Unless you do not mind being sequestrated for ten years, you need to apply to court to become rehabilitated as soon… Read More »SEQUESTRATION REHABILITATION – WHAT YOU NEED TO KNOW
Being sequestrated can be frustrating in terms of opening a business, entering credit agreements, or accepting your inheritance. Read on to find out what to do and what you need to know regarding rehabilitation after sequestration. SEQUESTRATION REHABILITATION – YOU MUST APPLY TO COURT Unless you do not mind being sequestrated for ten years, you need to apply to court to become rehabilitated as soon… Read More »SEQUESTRATION REHABILITATION – WHAT YOU NEED TO KNOW
Understanding company liquidation is important, as is knowing what happens to your business throughout the process and thereafter. Also, you will want to know whether it is better to apply for business rescue or to start over. Read on as we take a closer look at what happens to your company with liquidation, what your choices are in terms of trading, and whether or not… Read More »COMPANY LIQUIDATION – WHAT HAPPENS TO YOUR COMPANY?