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Integrity, Confidentiality, Respect
FREE Consultation - In person or an Online meeting for assessment.


Liquidation is not a failure, reset button, let us assist you begin over with no debt, and with a correctly structured Business

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PLEASE CALL  

+27 0871535653 

OR SEND A WhatsApp 

+27 0837706479 OR email 

info@liquidationexperts.co.za

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We can assist with the following:
Voluntary Liquidation
Business Rescue
Business Restructuring
SARS – Settlement, Payment Plan, Compromise
Compulsory Liquidation of a Debtor
Business Comprises (with Creditors)

Business Restructuring

Stop Legal Action Immediately, Summons, Repossession of Vehicles, House, and Assets

Contact us before it is too late!!

Registered Insolvency Practitioners, Advocates, Business Rescue Experts, Crypto & Fraud Investigations

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Express Liquidation Service

Ready to start liquidating today? 

Complete the form and a member of our team will be in touch.

WHEN DO, YOU NEED TO APPLY FOR LIQUIDATION.

Liquidation Is Not the End of the Road and Is Not Necessarily a Symptom of Failure. Let Us Help Your Business Get Rid of SARS And Other debt. 
Liquidation gives results. Benefits of liquidation.


Stop Legal Action Immediately, Summons, Repossession of Vehicles, House, and Assets.

Contact us before it is too late!!

Registered Insolvency Practitioners, Advocate, Business Rescue Experts

Other signed of Financial distress, Example (SARS, Creditors issued summons, Repossesion.

The Symptoms:

1) You’re struggling to be profitable.

2) Your margins are slipping (gross or net). 

3) Your sales are stagnant or decreasing. 

4) Your rate of sales growth is declining.

5) You are profitable, but do not have positive cash flow from operations.

The Causes:

1) Renewal sales, inbound leads, or other metrics related to, market acceptance are flat lining.

2) Your employee turnover is getting higher.

3) The product or service you offer is decreasing in quality. 

 

4) Your office/workspace/headquarters looks messy.

Questions to ask yourself 

1) Do you owe Creditors in your Business that you cannot repay?

2) Are you behind on any repayments?

3) Are you owing SARS, Unions, or Suppliers?

4) Is your Debtors not paying on Time?

Business Rescue VS Liquidation

BENEFITS OF LIQUIDATION:

  • Outstanding debts are written off

  • Legal action is halted

  • Employees can claim redundancy pay

  • Leases can be cancelled

  • Avoid court processes

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Consultation with an Insolvency Practitioner

During your initial consultation, we will take you through some questions about the company's financial situation and give you advice on what approach is right for your company. 

If the business has no future, liquidation is likely to be the right option, but if you want to continue to trade but need help dealing with creditor pressure or legal action other options might be appropriate. These would include:

 

  1. Company Voluntary.

  2. Business Rescue via Court Application or CIPC.

  3. Business Restructuring.

  4. SARS and Creditors Compromise

Signs of Financial Distress
The Symptoms:


As a Director or Member, you must make an informed decision on proceeding to Trade Or stop trading, in order to avoid Personal Liability in terms of the New Companies Act.

 

CONTINUE WITH BUSINESS

It is possible to continue with the company after Liquidation. This is where Liquidation emerges as a great tool, as we use it to restructure your company so that you can keep on trading.  Liquidation is not the end of the road or a symptom of failure, it is a wonderful mechanism granted to business owners by the Law to reposition themselves to be able to continue trading. 

 

We will advise you in accordance with your business. You can keep assets, and you can keep on trading. 

DIRECTORS NOT BLACKLISTED
 

Liquidation does not affect a director or a member. It is the company that is liquidated and that is a separate legal entity. The director/member is only liable for the debt if he/she signed a surety for the debt.

ARE DIRECTORS, SHAREHOLDERS 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 unions, that the company is financially distressed, and give reasons why the Company is not put under Rescue

 •The new companies’ act’s profound influence on the liability of Members and Directors:

 •The new Companies Act No. 71 of 2008 came into effect on May 1, 2011. Before the New Law came into effect, the Old Companies Act placed no direct obligation on directors and members when a company / CC was in financial problems.

 If the above are not met, it is a criminal offence.

 Under the new Act, a director/member may no longer "just wait and see", he must do something about it.

 •ONCE THE PTY/CC HAS BEEN PLACED INTO LIQUIDATION, SARS MAY NOT PROCEED WITH ANY LEGAL OR 

  CRIMINAL ACTION

 Please note that SARS can proceed with Criminal Proceedings: