58 Lyttelton Road, Clubview, Centurion
012 643 0004 & 086 110 0540
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Liquidations & Business Rescue

Companies and Close Corporations who fails to pass the insolvency and Liquidity test, or are temporally financial distressed, or who’s liabilities exceed its assets (insolvent) can be either placed in Business Rescue under the supervision of a Business Rescue Practitioner, or be Liquidated depending upon the circumstances.

In the event of Business Rescue a moratorium is created which prohibit creditors to pursue with legal action and entitle the Company or Close Corporation some breathing space to get its finance in order with the assistance of a Business Rescue Practitioner, and within the ambit of the Companies Act.

Liquidation means that the Company or Close Corporation will cease to exist and a liquidator is appointed to distribute the assets and liabilities.

Book a Consultation

Centurion Office

58 Lyttelton Road, Clubview,
Centurion, Gauteng

Tel: 012 643 0004 | 086 110 0540
Fax: 012 643 0074 | 086 231 0153
Email: info@wjvrlaw.co.za

Randburg Office

Vericred House, 347 Kent Avenue,
Randburg, Gauteng

Tel: 010 001 3623
Fax: 086 433 1256
Email: info@wjvrlaw.co.za