Business 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 […]

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 if it’s in financial trouble, will leave you unable to survive?   We can tell you that you can indeed  liquidate a company, clear the debt (including SARS), and still

Before delving deeper, let us clarify what business liquidation entails. Businesses liquidate and individuals sequestrate. A company should do a voluntary liquidation when the company is unable to pay its debts as they become due, or if the liabilities exceed the assets. Company liquidation in South Africa means the company debts are dealt with after liquidation,

Liquidation of a company is one of the most powerful legal things that a business owner can do. Dealing with company debt can be incredibly stressful, especially when creditors are relentless, and there is not enough cash flow to turn the situation around. If your business cannot pay its debts, liquidation is a viable option

Business liquidation is available to all businesses. A company that cannot pay its debt should, in terms of the Companies Act, liquidate as soon as possible. It is possible to continue to trade after liquidation, meaning that liquidation is not the end of the road but a new beginning. We will assist you with a