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We discuss the legal requirements and options for company directors, shareholders, and creditors to initiate liquidation, as well as the role of the Master of the High Court and the liquidator in the process. If you would like to liquidate your company but are unsure of the process, contact us and we will assist you […]

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 to any summons, civil judgment, court application, or ongoing litigation are suspended.   If your company is locked in legal action, it is worth considering liquidation as a cheaper and

What happens to a company’s assets after liquidation depend on the type of assets. This article will discuss how company’s assets are treated in a liquidation. Each of the different types of assets a company are dealt with differently by a liquidator.  We will explain in this article what happens to the cash, debtors, immovable

How long the liquidation of a company takes will depend on how the company is liquidated (CIPC or High Court), what the assets and liabilities are and how creditors behave. This article will explain more about the timeline of a liquidation. We can assist you to liquidate your company within one week. The most important

A company can liquidate by any of the legal grounds as per Section 344 of the Companies Act, Act 61 of 1973,which we will discuss in this article. If your company cannot pay its debt (especially SARS debt), a good time to liquidate the company is when the problems start. It is very expensive to

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 can be done smoothly. We are experienced Commercial Liquidation Attorneys who will hold your hand through the process and you can rest assured that you will receive the correct advice

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 estate among its creditors. It is an important concept to understand if you are involved in liquidation proceedings, either as a creditor or as a company going through the process.

In South Africa, when a business goes into liquidation, its creditors are left wondering what will happen to their outstanding debts. It can be a confusing and stressful time, but understanding the liquidation process can help creditors manage the situation more effectively. If your business cannot pay its debt and struggles with SARS debt, speak