May 14, 2024 | Insolvency Law
When a South African company faces provisional liquidation, it’s a pivotal moment filled with challenges yet also, ripe with strategic opportunities. This phase is crucial, not just for the survival of the company but also for directors to navigate legal...
Sep 28, 2021 | Corporate and Commercial Law, Insolvency Law
We examine the reasons why a company would want to liquidate, when it is applicable, and what the process entails. We also explain why it is often in the shareholders and directors best interests to liquidate as soon as the company is insolvent. Why a company would...
Apr 18, 2018 | Insolvency Law
An individual can declare themselves insolvent, or bankrupt, and file for sequestration if their debt has become too great and unmanageable and their liabilities exceed his or her assets. Sequestration is defined as the surrender of an individual’s estate to the High...
Feb 2, 2017 | Insolvency Law
Insolvency is the state of being unable to pay the money owed, by a person or company, on time. To be sequestrated means that your assets are sold in order to pay your debt. Under current South African Insolvency Law, a person can be sequestrated either voluntarily or...
