Wind Up Wind Down

Approximately 12 million adults in South Africa struggle with unmanageable debt, according to the Finmark Trust. One legal solution that often comes up in this context is Sequestration, a process in which an individual voluntarily applies to be declared insolvent by a court. The court then appoints a trustee to manage and distribute the insolvent party's assets to its creditors. But the big question remains: Is sequestration a good idea in South Africa? In this article, we ex

Sequestration in South Africa is a legal process that allows individuals who are unable to pay their debts to be declared insolvent. By doing so a large portion of their debt is written off.

Business owners hesitate to consider the benefits that Liquidation can offer them due to deeply rooted misconceptions. Here are the benefits

Insolvency law is undergoing a transformation that is set to change the way businesses recover from financial distress.

Signs your business is in Financial Trouble and how to correct course to prevent the need for Business Rescue or Voluntary Liquidation.

In the realm of business, challenges and setbacks are not uncommon, and one such hurdle that small businesses may face is insolvency.

In the realm of financial matters, insolvency law trends play a paramount role in shaping the landscape for businesses and individuals alike

The document in question, which claimed Murunwa Makwarela was no longer insolvent, was not issued by the High Court in Pretoria as claimed.

Comair no longer has access to capital to fund its operational costs and will be placed under Provisional Liquidation.