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Get rid of company debt in Gauteng If you do business in Gauteng, you will know that competition is fierce and times are tough. As a result of so many factors that count against business owners in South Africa, many businesses take a severe strain and struggle to survive. Business owners in Pretoria and Johannesburg […]

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, when liquidation should be the first option.   Any business owner who owns a business that is suffering financially and cannot pay

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

What is Liquidation? What is Liquidation : Once a company is liquidated, the company is closed and deregistered at the Companies Offies. 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 of

Liquidation in South Africa A company must liquidate when it is unable to pay its debts, starting at R100 and more. If a creditor obtained a judgement against a company and the company still cannot pay the debt, and there is no bona fide dispute in connection with the validity of the claim, then the

How to deal with SARS debt All business owners should know how to deal with SARS debt that a business cannot pay. If your business is one of the unfortunate ones who is targeted by SARS then you understand the pain and stress of being threatened by SARS. It is not necessary to have sleepless