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Get Out of Debt Legally You can get out of debt legally. Let liquidation rescue you. All too often, business owners fear liquidation. They try everything else to save the business, but liquidation should be the first option. Any business owner who has a business that is suffering financially and cannot pay its debt should

Liquidation vs Sequestration A short history in Insolvency is good to know about because it will explain where Insolvency fits in our economy.  Insolvency refers to either the Liquidation of a Business and Sequestration of an individual.    In Roman Law a debtor who could not pay debt could be sold into slavery. In the

How Do You Liquidate a Company Liquidation means that once a company is liquidated, the company is closed and deregistered at the Companies Offices. The company cannot trade any longer. All creditors and debtors must take part in the winding-up process and cannot take legal action against the company. The liquidator stands in the shoes

Liquidation in South Africa Liquidation is a legal process where a company that can no longer pay its debts is closed and deregistered at the Companies Offices. The business ceases to operate, and all creditors and debtors are involved in the winding-up process. During this process, the liquidator, who takes over from the directors, manages