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When a business undergoes liquidation in South Africa, creditors often face uncertainty regarding their outstanding debts. Understanding how the business liquidation process works can help creditors navigate this challenging time more effectively. If your company is struggling to pay debts, including SARS debt, speak to us to learn how liquidation can provide a way to […]

If your business is struggling with debt and you are considering liquidating your company, it is crucial to act swiftly. With the right advice and support, like the assistance we as liquidation lawyers provide, it is possible to liquidate and even continue trading. Liquidation is often viewed as a last resort, but it should be

In South Africa, businesses face numerous challenges such as power cuts, inflation, labour disputes, and the lingering effects of COVID-19 lockdowns (believe it or not, some business never recovered from the lock-downs but still tried). These struggles often lead to severe financial strain, which can cause immense stress for business owners. If you are overwhelmed

In South Africa, both insolvent and solvent companies have the option to do a voluntary liquidation. When a company or close corporation is insolvent, it means the company is unable to pay its debts or its liabilities exceed its assets. When a company is insolvent, it must liquidate in terms of the Companies Act 2008.

Liquidation is a legal process that occurs when a company is brought to an end and a liquidator is appointed to oversee the sale of the company’s assets. This can happen for a variety of reasons, including insolvency, financial difficulties, or a decision by the company’s directors to wind up the business. During the liquidation

When business debt becomes overwhelming and is no longer manageable, liquidation may be the best option. Liquidation allows you to eliminate debt and make a fresh start. Though the process can seem daunting, there are steps you can take to keep your business in control and even continue trading after liquidation. Here are six important

If your business is drowning in debt it is difficult to stay afloat. The stress and constant harassment from creditors can keep you up all night, not to mention the never-ending cycle of putting out fires. It’s tough to focus on your business when you’re constantly struggling to manage debt. Liquidation is an excellent solution

Introduction The liquidation of a business is an excellent tool to use when the time is right.  It is usually the best solution for business owners whose businesses cannot pay its debts.  In South Africa, it is usually the fastest way to get rid of financial difficulties and then get back on the right track

No business owner wants to think about the possibility of liquidating their business, but if it becomes necessary, there are steps you can take to minimize the impact on your business and personal finances. There are things that you can do to stay on your feet and not have a big impact on your business