Wind Up Wind Down

When a company no longer has a way to pay its debts and has no realistic path to recovery, it may consider liquidation. Liquidation can be voluntary (where directors choose to wind up the company) or forced by creditors through the court. While the formal process may seem sudden, there are often clear warning signs that appear well before the final step. In this article, let us see the 5 tell-tale warning signs that tell you that your company is facing liquidation in South Af

As a company director, you have financial and legal duties in South Africa. When your company runs into financial trouble, those duties become even more apparent and important. One of the biggest risks you face as a director is wrongful trading. If you serve on a board, you need to understand what directors must know about wrongful trading in South Africa before problems arise.

In South Africa, insolvency, also known as sequestration, has a direct and significant impact on the disposition of your assets. The Insolvency Act 24 of 1936 governs aspects of insolvency and the bankruptcy (or sequestration) process in South Africa. So, how does insolvency in South Africa affect your assets? Let's break it down in this article.

During liquidation, most employees stand to lose their jobs. This is what we call retrenchment. In this article, let's understand how Retrenchment works during company liquidation in South Africa.

Considering sequestration as a debt relief option is never an easy choice. If you are thinking about sequestration in South Africa, the duration is also one of the main concerns. People wish to know how long they will be under financial restrictions and when they can start rebuilding their lives. Let us see how long sequestration takes in South Africa.

Debt can creep up on anyone. A job loss, medical emergency, slow business, or simply rising living costs can quickly turn the tables on you. A manageable situation can quickly spiral out of control with a debt that grows out of control. In this article, we will be reviewing a few debt relief options, including sequestration, in South Africa.