Insolvency Law


Sequestration

An individual may apply to the High Court to declare themselves insolvent if their debt has become unmanageable and their liabilities exceed the value of their assets. If you're struggling to repay your debt or if your debt review instalment is to high, this might be your solution.

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Rehabilitation

An insolvent may launch a rehabilitation application to the High Court in terms of section 124 of the Insolvency Act, 1936, provided that the relevant provisions apply. The prescribed time-frames range from 6 months to 5 years from date of sequestration, subject to certain criteria.

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Liquidation of Companies

Is your company in financial trouble? Do you owe taxes that you can't pay? Perhaps its time to explore the drastic option of liquidating your company and walking away from the debt.

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