Wind Up Wind Down

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

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

Although Comair’s British Airways and Kulula.com were viable businesses they were unable to get capital to resume operations.

Directors wanting to address problems in financially distressed companies need to be proactive, diligent and aware of all options available.

Final Liquidation Order. A discussion on whether in law it is actually the final order.

t is well documented that the COVID-19 pandemic is taking its toll on businesses and most sectors are fighting to keep their doors open.

South Africa recorded 183 business liquidations in July 2019, representing a 24.5% rise in liquidations since 2018, according StatsSA.