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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 support like we can give you, it is possible to save your business. It is possible to liquidate while you continue to trade. LET US HELP YOU GET RID OF […]

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 making it difficult for them to survive. The financial strain caused by these challenges can lead to depression, stress, and fear of losing the business for owners. However, there is

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 the insolvent estate of the company or close corporation. After liquidation the South African Revenue Service must be informed of the liquidation and the tax affairs of the company finalised

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

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 attention is consumed by putting out fires and dealing with harassing creditors. However, liquidation can be a way to eliminate your business debt and almost immediately get rid of fear,

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 night, not to mention the never-ending cycle of putting out fires. It’s tough to focus on your business when you’re constantly struggling to manage debt. Liquidation is an excellent solution

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 owners whose businesses cannot pay its debts.  In South Africa, it is usually the fastest way to get rid of financial difficulties and then get back on the right track

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 minimize the impact on your business and personal finances. There are things that you can do to stay on your feet and not have a big impact on your business

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 be blacklisted;  will they be able to own a business again. These are the most popular questions we get asked.  In fact, the impact of Liquidation on Directors are not

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 that closes a company down.  After Liquidation a Liquidator is appointed. All creditors must take part in the winding-up process that follows and that is managed by the Liquidator.  The