Company Liquidation South Africa

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