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Liquidation South Africa: How to liquidate a company

Liquidate a company in South Africa, there are 2 ways, both methods are the same; the company is liquidated

There are two methods to wind up a Company or a Close Corporation in South Africa:

HOW DO YOU KNOW YOUR LIQUIDATION APPLICATION WILL BE SUCCESSFUL?

We have had 100% success with all the South African liquidation applications that we have handled. You don’t have to go to court. The Companies Act puts the burden on you to liquidate an entity if it cannot pay its debt.

LIQUIDATION WRITES DEBT OFF

All the debt of the company or close corporation is written off in a liquidation, even SARS debt.

The only debt that you remain liable for personally is any debt that you signed surety for in your personal capacity.

You need to deal with this debt. We will explain to you how when you consult with us.

TAKE THE RIGHT ACTION NOW, HERE ARE YOUR OPTIONS:

Liquidation by far is the fastest, quickest means to get rid of debt while you continue with your business.

Other means can bring your business to a standstill.

HOW TO APPLY FOR LIQUIDATION

Depending on your particular circumstances, we will guide you through the process.

We prepare and lodge the application and we also assist you with staying on your feet and continuing with business if you wish to do so.

It is possible to buy assets back and it is possible to finish jobs where you have already received deposits.

We are liquidation lawyers and manage liquidations all over South Africa. We have clients in Johannesburg, Cape Town, Pretoria/Tshwane, Durban, Port Elizabeth, Somerset West, East London, Kimberley, Bloemfontein and many other cities and villages in the country. We also have clients abroad who are expats and need our help with liquidating companies they have left behind. We can help you too.