Articles

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

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

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

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

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

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

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

If your business is struggling with debt and you are considering liquidating your business, it is important to act quickly. With the right advice and

Businesses in South Africa are facing numerous challenges including power cuts, tax issues, labour disputes, inflation, and the ripple effects of COVID-19 lockdowns, which are

Insolvent (when a company cannot pay its debt) and solvent (no outstanding debt) companies can liquidate. Once liquidated, a liquidator is appointed to wind up

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

Dealing with overwhelming business debt that cannot be repaid can be a huge challenge. It becomes nearly impossible to keep your business afloat when your

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

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

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