Businesses go through an ebb and flow of cash flow circumstances. Some months they are liquid enough to satisfy their creditors and during others, they struggle to make all payments…
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Voluntary liquidation is a mechanism within South African insolvency law that allows a business that faces financial difficulties to find relief. This is where an application is made to the…
In the day and age of constant and rapid economic ups and downs, the possibility of insolvency is high, especially in light of recent global events. The insolvency process is…
A partnership is a business relationship which is potentially more binding and sometimes much more all-consuming than that of a marriage. Partnerships may take many different forms, but the underlying…
The court of first instance in Richter v ABSA Bank Limited SCA (unreported case no 20181/2014, 1-6-2015) held that it is not possible to apply for business rescue after a…
When one listens to the news, and companies are mentioned, terms such as directors and shareholders are often mentioned. These terms appear to be used interchangeably, however, they are two…
There has always been a significant inefficiency in the way banks respond to customer complaints, more so on social media platforms. However, Covid-19 highlighted or even increased this social distance…
South Africa is a country filled with vast natural resources, which correlates into a need for labour and as such many employment opportunities. However, with employment opportunities comes many complexities…
Although it is always a good idea to save up and buy goods for cash, this is not always possible. Most of life’s biggest expenses are things most people can…
The Insolvency Act 24 of 1936 (“Act”) in its Section 8 provides for 8 acts of insolvency which are listed below. The word “debtor” is defined in the Act as…
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