Insolvency in South African law refers to a status of diminished legal capacity, imposed by the courts on persons and legal entities (such as companies, partnerships, trusts, clubs, deceased estates) who are unable to pay their debts. Insolvency Law is guided by the Insolvency Act 24 of 1936, along with the Companies Act or Close Corporations Act, whichever is relevant.
Our Insolvency Law team understands the highly stressful and emotional challenges that face our clients when considering the various procedures of the insolvency process, and will ensure that the right approach is adopted for your matter.
Some of the services we offer:
- Liquidation applications of companies and close corporations
- Sequestration of individuals or partnerships
- Rehabilitation of insolvent estates and failing companies
- Business rescue