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Posts Tagged 'Liquidation process south Africa'

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Understanding the Liquidation Process in South Africa

In South Africa, there are two types of liquidation: voluntary liquidation, which is initiated by the company's directors or shareholders, and involuntary liquidation, which is initiated by the company's creditors or the court.

Liquidation, Business Rescue, or Compromise – Heads and Tails

Liquidation, Business Rescue, or Compromise? This needs to be answered in the clearest of terms to avoid any confusion. While the circumstances that invite any of these procedures are the same, the actual situation determines which option is suitable to be implemented.


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