Insolvency matters

Dawie de Beer Attorneys 9 Insolvency matters

INSOLVENCY MATTERS

South Africa is a creditor favored country. Insolvency is a sensitive and unfortunate event that occurs in people’s lives but our legal team assists you as a natural person or your company as a juristic person, in the best possible way.

LIQUIDATIONS

When a Company or Close Corporation can no longer operate as they used to, the Company or Close Corporation will undergo the “winding-up” process meaning that the assets need to be sold, creditors need to be paid and closing of the Company or Close Corporation. Our legal team assist by drafting the Application and ensuring that all the correct steps in terms of the necessary Acts are adhered to.

SEQUESTRATIONS

When you, as an individual, can no longer pay your own debts, your estate will undergo the process of sequestration. We will assist in drafting the application to surrender your estate under the governance of the Insolvency Act, 24 of 1936. This is a daunting process and therefore we give you detailed advice on how to go through the sequestration process as well as financially survive thereafter.

OUR EXPERTISE

FAMILY & MATRIMONIAL LAW

We specialize in family and matrimonial law and we understand the difficulty it is to make the decision to get a divorce. Due to the complexities, we are there to assist and make it easier for you to grapple through the legal process.

INSOLVENCY MATTERS

CIVIL LITIGATION

Our legal team are more than capable in assisting you in instituting action for a claim or for defending a claim, based on a variety of matters. When one party wrongs another party, we will able to guide you through the correct process.

DEBT COLLECTION

We understand the difficulties with debt collecting and how it can affect your business whether it be big or small. All businesses rely on cash flow to survive and therefore, our team assists in your debt collection.