What is Liquidation

Liquidation in South Africa is a formal process where a company closes its doors, and its assets are used to settle debts. Whether the liquidation is voluntary or compulsory, understanding how assets are handled is vital for directors, shareholders, and creditors.   This article explores the business liquidation process in South Africa, focusing on how

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.

When a business undergoes liquidation in South Africa, creditors often face uncertainty regarding their outstanding debts. Understanding how the business liquidation process works can help creditors navigate this challenging time more effectively. If your company is struggling to pay debts, including SARS debt, speak to us to learn how liquidation can provide a way to

In South Africa, businesses face numerous challenges such as power cuts, inflation, labour disputes, and the lingering effects of COVID-19 lockdowns (believe it or not, some business never recovered from the lock-downs but still tried). These struggles often lead to severe financial strain, which can cause immense stress for business owners. If you are overwhelmed

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 the company’s assets. This can happen for a variety of reasons, including insolvency, financial difficulties, or a decision by the company’s directors to wind up the business. During the liquidation