Business Rescue & Liquidations

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Business Rescue:

If a Company if financially distressed, by voluntarily going into Business Rescue a Company has the potential to “get back on it’s feet and continue operating, with a more efficient balance sheet.
Business rescue is a process which assists a financially distressed company to avoid potentially being liquidated, by restructuring the asset of the Company which allows the company to continue operating.
Many businesses have been drastically affected by Covid-19 and the resultant lockdowns in South Africa and need guidance through these difficult times.
Directors also need to understand the level of their personal liability, if it is discovered that they are Trading Recklessly in terms of Section 22 of the Companies Act. This liability should be avoided at all costs by
implementing the proper processes.

Our team of experienced Business Rescue Practitioners will assist the directors to determine if they Company is a candidate for Business Rescue and guide them accordingly.
We are registered Business Rescue Practitioners with the Companies & Intellection Property Commission (CIPC)

Liquidations:

The liquidation process in South Africa involves winding up the affairs of a company or a close corporation that can no longer pay its debts. This process is governed primarily by the Companies Act 71 of 2008 and the Insolvency Act 24 of 1936.

At Capital Governance (Pty) Ltd we assist with Voluntary Liquidations which are initiated by the company’s shareholders or directors.

With the assistance of Capital Governance (Pty) Ltd the liquidation process ensures that the company receives the best value for their assets and that creditors receive their due share from the company’s assets while providing a structured method to handle the company’s dissolution.