What are the warning signs There are lots of warning signs below for a distressed business. Not all will apply – but if some do listen to your head, your gut and your “heart”. Is this your company? If you can recognise too many of the following signs then it is likely that your business is probably under pressure, at risk, or it could be even be insolvent. Look through these signs, print off this page and tick those that apply. Warning Signs for Yourself You feel that you are

Liquidation and Deregistration are not the same thing. Liquidation Liquidation implies that the business is not able to pay its debts. Liquidation further implies that the business will cease to operate (generally as a result of financial problems). The liquidation may come about: as a result of a legal court process, or by a request of the creditors, or the company or close corporation may voluntary decide to be liquidated. Voluntary Winding up of a company Solvent com

Introduction in regards to the different Types of Liquidation Liquidation (or "winding up") is a process by which a company's existence is brought to an end. First, a liquidator is appointed, either by the Creditors or The Master of the High Court. The Liquidator represents the interests of all creditors. The liquidator supervises the liquidation, which involves collecting and realising the company's assets (turning them into cash), discharging the company's liabilities, and

What does Liquidion mean? Liquidation (or "winding up") is a process by which a company's existence is brought to an end. First, a liquidator is appointed, either by the shareholders or the court. The liquidator represents the interests of all creditors.

When To Liquidate a Business. In terms of the New Companies Act . ARE DIRECTORS UNDER OBLIGATION TO PUT THE COMPANY UNDER RESCUE, OR IS IT A CHOICE UNDER THE NEW COMPANIES ACT! S129(7) (As amended by Sec 82 of Act 3 of 2011) If the board of directors of a company has reasonable grounds to believe that the company is financially distressed, they must either; Put the company under business rescue, or; Deliver a written notice to all shareholders, creditors, employees and trade