Other insolvency indicators to look out for:
Continuing losses Liquidity ratios below 1 Overdue commonwealth and state taxes Poor relationship with Bank, including inability to...
Under which circumstances can my trustee lay criminal charges against me?
You can be charged criminally if you commit the following acts, if you have; Hidden assets or business books from your Trustee (Section...
Liability under Tax Administration Act
Liability under Tax Administration Act On 1 October 2012, the Tax Administration Act was promulgated. Referred to the TAA for short. ...
LIABILITY OF MEMBERS AND DIRECTORS Liability under Companies Act Liability under Tax Administration
LIABILITY OF MEMBERS AND DIRECTORS Liability under Companies Act Liability under Tax Administration Act The new Companies Act No. 71 of...
CORPORATE DEBT
You have already tried the following: 1. Renegotiate Payment to Creditors 2. Refinance Debt Obligations 3. Trade out of the Problem ...
Liquidation
Liquidation When it is foreseeable that your company / close corporation will not be able to pay its creditors as they fall due in the...
ANALYSIS: LIQUIDATION AND WINDING UP OF COMPANIES
ANALYSIS: LIQUIDATION AND WINDING UP OF COMPANIES How do you wind up and liquidate a company that is factually solvent? By Norman M Mzizi...
Why does you Business Need Business Rescue
1. Your company is financially distressed and is unlikely to be able to meet its commitments within the next ensuing months. 2. You need...
TESTS FOR INSOLVENCY
What are the Tests for Insolvency (ie Liquidation) A company will be said to be insolvent if its liabilities either exceed its assets...
GROUNDS FOR LIQUIDATION OF A COMPANY
GROUNDS FOR LIQUIDATION OF A COMPANY It is known that some creditors of companies may endeavour to do debt collection through liquidation....
