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Liquidation in South Africa is a formal process used to close a company and address its financial obligations. This guide provides business liquidation advice, explains

Once a company is liquidated, legal actions are suspended. Asset attachments are void. The liquidator will proceed or stay with legal action. Legal action refers

Liquidation in South Africa is a formal process where a company closes its doors, and its assets are used to settle debts. Whether the liquidation

The timeline for the liquidation of a company in South Africa depends on various factors, including the method of liquidation, the company’s assets and liabilities,

Liquidation is the legal process of closing a company that can no longer pay its debts. In South Africa, the legal grounds for liquidation are

Are you planning to liquidate your solvent company in South Africa? This can be a complex process, but with the right information and guidance, it

This article provides a comprehensive guide to understanding the definition of liquidation in South Africa. From the different types of liquidation to the legal requirements and procedures, this article covers everything you need to know.

Concursus creditorum is a Latin term used in the legal system of South Africa to describe the process of distributing the assets of an insolvent

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

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

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,

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

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

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

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

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

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

A great concern for directors are their own status after Liquidation. Will they be held personally liable for the debt of the company;  will they

If a company cannot pay its debt or its liabilities exceed its assets, it is insolvent. In South Africa, LIquidation is a legal process that

I understand from experience that by now you are probalby worried sick and have sleepless nights as you cannot see a solution to your business’

Is your only source of income a financially struggling company that needs to be liquidated? Are you afraid that liquidating the company you need, even

Many clients have asked me how emigration will affect them when they leave South Africa for greener pastures. They worry about this because they may

The messages from SARS are clear:  tax collection must be increased.  And increasing it they are! That is one of the reasons why most small

Company debt is stressful. If you are struggling with company debt you will relate! Since Liquidation is an option that should be taken as soon

Are you borrowing more and more money to pour into your failing business to keep it afloat? Do you have to sell assets, to generate

Liquidation in South Africa is available to all businesses.  A company that cannot pay its debt should, in terms of the Companies Act, Liquidate as

Trading’s tough in this economy. Businesses are folding left and right, bogged down by sluggish recovery, suffocating SARS debt, and constant power outages. Perhaps you’re

Being overburdened by debt while the economy is not improving is very stressful. Liquidation is an excellent tool to get rid of debt so that