Get Rid of Business Debt

COMPANY LIQUIDATION IN SOUTH AFRICA

Get Rid of Company Debt (incl. SARS)

Voluntary Liquidate Your Company Without a Court Application in 3 - 5 Days At a Fixed Fee and a Structured Process.

If your company can no longer pay its debts, liquidation can bring the business to an end and deal with its creditors through a formal legal process so that you do not have to. Any debt that the director did not sign surety for is written off for the company. The sooner you act, the sooner you can stop dealing with the debt. Find out whether liquidation is the right next step for your company.

WHEN YOUR COMPANY CANNOT PAY SARS
AND OTHER CREDITORS

Liquidation Provides A Legal Exit From Unmanageable Company Debt

Liquidation draws a line under a company that can no longer meet its financial obligations. Instead of continuing to find money for SARS and other creditors, the company is wound up and its debts are dealt with through the liquidation process by a liquidator.

If your company cannot pay SARS, creditors and its day-to-day expenses, continuing to trade can quickly make the problem worse. Debt continues to increase, while directors often start using their own money or taking on personal debt simply to keep the business alive.

Continuing for too long can also create a more serious problem. If a company keeps trading when it cannot pay its debts, its directors may face questions about reckless trading and, in some circumstances, personal liability for company debts.

Let Us Help You

South Africa's trusted liquidation experts: Eliminate debt, start fresh. Contact Us

Liquidation Specialist At Your Service

liquidation specialist at your service

Liquidation Stops Legal Action

If you have a Summons or the Sheriff is on the way to attach assets, Liquidation will block it

You Can Continue to Trade

You don't have to stop trading. You can start over immediately while you liquidate

Liquidation Can Set You Free

Liquidation is the best piece of our Law that puts the power directly in your hands. Liquidation is not the end of the road. On the contrary, it sets you free. You can sleep again at night and focus on what matters.

THE LIQUIDATION PROCESS

How Does Liquidation Work

What to Expect During Liquidation

A Quick overview of the liquidation process

The Most Difficult Part of a Liquidation is the Decision

Here's How it Works...

Make The Decision

The most difficult part of a liquidation is to make the decision to proceed. Once you have decided to proceed, you instruct us. We draft the required documentation, you sign it, we lodge it. It takes 3 - 5 days to liquidate the company. Once liquidated, no creditor may take any legal action against the company. It is all over. You can relax.

We Lodge the Documentation

Once you have signed the documentation that we will draft, we lodge the copies with the CIPC for the liquidation. We lodge the originals with the Master who must appoint a liquidator. It takes about a month on average to get a liquidator appointed. The liquidator stands in the director's shoes and deal with all creditors so that you don't have to.

The Liquidator

The Liquidator is appointed by the Master. His job is to wind up the affairs of the company (creditors, bank account, assets (if any). A Company does not need any assets to be able to liquidate, no matter how high the debt is. The Liquidator is the only person that can deal with creditors, so you don't have to.

Creditors Must Stop

The best thing about a liquidation is that no creditor (not even SARS) may proceed with legal action against a company as soon as it is liquidated. That is the result you want. They are obliged to stop what they are busy with and follow the liquidator's processes. You carry on with life as per normal, you don't have to stop. Ask us how.

How it works

Steps 1 to 4 to Liquidate:

We act fast because we understand the pressure you’re facing. Here’s how we proceed after you instruct us, step by step:

1.

Complete our Questionnaire

We send you a questionnaire to complete to gather the information. We need a certified copy of directors' and shareholders' id's.

2.

We Draft the Documentation

When we receive the questionnaire, we send a statement and draft the documentation. We try to do this on the same day.

3.

We Arrange Signature

We email the documents to you for signature against receipt of payment. We will assist you via a video or a call to sign the documents.

4.

We Lodge with the CiPC

You email the signed documents to us and courier the originals. We lodge the documents with CIPC and your company is then liquidated.

We Work Fast

We act speedily to reduce your stress

We Give Clarity

We give information so that you understand

We Simplify

We handle the complexity so you manage easier

We Empower

We show you how to regain control

Why Us

Helping People Like You for Over 17 Years. Will You Be Next?

We understand what you are going through. We have helped thousands of business owners overcome their worries and get rid of debt, and we will hold your hand through the process.You too can become debt free.

Testimonials

What Our Clients Say

Discover why clients trust us to navigate complex legal challenges with expertise, empathy and successful results.

         Posted on Google  
   
   Mrs S 
 12/07/2023
 
 
  Exceptional Attorney - Nanika Delivers Outstanding Service I had the privilege of working with Nanika, and I am thoroughly impressed. Her prompt handling of my situation, along with her exceptional knowledge and superb communication, made the entire experience seamless. She kept me consistently updated throughout the process, ensuring I was always well-informed. Nanika's professionalism and expertise were evident from the start. She quickly grasped the complexities of my case, offering sound legal advice and demonstrating a deep understanding of the law. Communication with Nanika was a pleasure. She was readily available to address my questions and concerns, providing clear explanations and guidance. Her proactive approach and ability to simplify complex legal concepts instilled confidence and reassurance. I highly recommend Nanika. Her exceptional service, expertise, and dedication to her clients make her an outstanding attorney. Thank you, Nanika, for your outstanding service!
  
 
      Posted on Google  
   
   Stephan J Lamprecht 
 30/06/2023
 
 
  One of our businesses was faced with a seemingly unsolvable legal challenge. I was privileged to come across Nanika. Her advice, experience and understanding of the law proved indispensable and enabled us to resolve the matter quickly and effectively.
  
 
      Posted on Google  
   
   Danielle Alberts 
 15/04/2023
 
 
  Nanika is the most knowledgeable, approachable, reliable person I have dealt with in a long time. She has given value FAR beyond what was initially requested, and continues to support and guide - I will absolutely keep referring people to her!
  
 
      Posted on Google  
   
   Timo Stander 
 28/03/2023
 
 
  Prinsloo & Associate assisted me with a case. Since day one they had been absolutely exceptional and professional. They continuously kept me informed about all updates and followed through right until the end, and my case was successful. I highly recommend their services.
  
 
      Posted on Google  
   
   Ellen Lagus 
 21/03/2023
 
 
  I don't think I've ever received better service than from Nanika Prinsloo. Before I even had any questions, they were already answered by Nanika. She went out of her way to explain, make suggestions and resolve issues to make me feel comfortable in a situation I was uncomfortable with. Thank you Nanika, you are a star!
  
 
      Posted on Google  
   
   Ashley McKenzie 
 30/01/2023
 
 
  Nanika Prinsloo assisted with her knowledge and experience over and above. Highly Recommended.
  
 
      Posted on Google  
   
   Hamilton Goode 
 24/01/2023
 
 
  Nanika assisted me so professionally, she is always willing to go the extra mile and is efficient at what she does. I am happy to recommend her knowing that she will deliver faultlessly everytime.
  
 
      Posted on Google  
   
   Salome Gunter 
 22/01/2023
 
 
  100% trustworthy legal company with a high professional edge . i will never use any other company for my legal matters Salome Gunter
  
 
      Posted on Google  
   
   JAN GREEBE 
 20/01/2023
 
 
  Highly professional services! I can recommend anyone who is considering a liquidation of their Company to make contact with them to get the best professional advice!
  
 
      Posted on Google  
   
   Squeaky Silvis 
 20/01/2023
 
 
  I highly recommend Nanika Prinsloo Attorneys. She is professional and extreamly efficient. Excellent Service, thanks.
  
 
  
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Let Us Do All the Work

We will make sure the company is liquidated and that a liquidator is appointed. We will advise you fully on what you can and cannot do and how you should navigate your steps for a painless liquidation.

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Latest News

Read informative pieces providing clarity on liquidation procedures, best practices, and common challenges faced.