The shortest route to the fastest solution for a company that has debt it cannot pay, (SARS included) is Liquidation. Liquidation ends the company that cannot pay its debt. After Liquidation the affairs of the company is wound up. Creditors are under control, the liquidator deals with them so that you do not have to. […]
The Benefits of Liquidation in South Africa Read More »
Many business owners that we assist are terrified of going through the liquidation process. They don’t understand the benefits of liquidating a company. Perhaps you have the same fear. Perhaps you fear that you are going to lose your business. It may be that you fear you will lose your assets if you liquidate your
Liquidating a company Read More »
I understand from experience that by now you are worried sick and have sleepless nights as you cannot see a solution to your business’s financial problems and you need to continue to trade. Similar to one of our clients who thought he was going to lose everything and go to jail. He was very grateful
Liquidation problems and solutions; a summary Read More »
If you do business in Gauteng, you will know that competition is fierce and times are tough. As a result of so many factors that count against business owners in South Africa, many businesses take a severe strain and struggle to survive. Business owners in Pretoria and Johannesburg particularly tell us how difficult it has
Ways to get rid of company debt in Gauteng: Liquidation Read More »
You can get out of debt legally. Let Liquidation rescue you. All too often, business owners fear liquidation. They try everything else to save the business but liquidation, when liquidation should be the first option. Any business owner who owns a business that is suffering financially and cannot pay its debt, should use liquidation as
Get Out Of Debt Legally: Liquidation to the Rescue Read More »
A short history in Insolvency is good to know about because it will explain where Insolvency fits in our economy. Insolvency refers to either the Liquidation of a Business and Sequestration of an individual. In Roman Law a debtor who could not pay debt could be sold into slavery. In the worst case, the person
Liquidation and Sequestration: A short history Read More »
What is Liquidation : Once a company is liquidated, the company is closed and deregistered at the Companies Offies. 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 of the directors and
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Liquidation in South Africa : A company must liquidate when it is unable to pay its debts, starting at R100 and more. If a creditor obtained a judgement against a company and the company still cannot pay the debt, and there is no bona fide dispute in connection with the validity of the claim, then
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All business owners should know how to deal with SARS debt that a business cannot pay. If your business is one of the unfortunate ones who is targeted by SARS then you understand the pain and stress of being threatened by SARS. It is not necessary to have sleepless nights and fear and worry about
How to deal with SARS debt Read More »
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