Business Rescue Practitioner
According to the Corporate Insolvency Act No.9 of 2017, Business Rescue is an insolvency proceeding. A business rescue practitioner must therefore have a fundamental understanding… Read More »Business Rescue Practitioner
administrator
What is a Business Rescue Plan
This is a document that will restructure every legal relationship of the company and its creditors. A Business Rescue plan is binding on all directors… Read More »What is a Business Rescue Plan
Advantages of Business Rescue
Business Rescue may provide creditors a better return on their claims than immediate liquidation if successful; Business rescue helps a company achieve solvency and it… Read More »Advantages of Business Rescue
Business Rescue v Liquidation
Liquidation is an event that usually occurs when a company cannot pay its obligations as and when they fall due. The Company operations are brought… Read More »Business Rescue v Liquidation
Business Rescue v Liquidation
Business Rescue aims to facilitate the rehabilitation of a company that is financially distressed by providing for the temporary suspension of the company and management… Read More »Business Rescue v Liquidation