Specialising in all forms of Debt and Asset protection

Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due. As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims. General partners are subject to liquidation.

You’ll eliminate the chance of You’ll eliminate the chance of breaching your directors duties which is strictly against the law. You’ll avoid the risk of your company trading while insolvent – that is not being able to pay their debts as they fall due.your directors duties which is strictly against the law. You’ll avoid the risk of your company trading while insolvent – that is not being able to pay their debts as they fall due.

Business rescue, as defined by the Companies Act 2008, aims to facilitate the rehabilitation of a company that is “financially distressed” by providing for: the temporary supervision of the company and management of its affairs, business and property by a business rescue practitioner, a temporary moratorium (“stay”) on the rights of claimants against the company or in respect of property in its possession and the development and implementation (if approved) of a business rescue plan to rescue the company by restructuring its business, property, debt, affairs, other liabilities and equity.