BUSINESS RESCUE practitioners in pretoria
Is your company financially distressed and battling with cash flow problems due to the economy?
Do you want to avoid liquidation and save your company?
We can help you to place your company under Business Rescue.
Call now to arrange a free consultation and obtain further information about business rescue and avoiding the liquidation of your company.
Please ensure that you bring the following documentation to your first consultation:
At the preliminary consultation the Business Rescue Practitioner will have to determine whether the company is financially distressed as well as if the company is capable of rescuing.
The following documentation will be required to determine the aforementioned;
- Financial Statements
- List of Creditors
- List of Debtors
- Assets and Liabilities
Any further information which may assist in the assessment of the company or close corporation
Restructuring of companies in financial distress is on the increase globally. In line with this trend, Chapter 6 of the new Companies Act introduces business rescue to the South African business landscape.
South African companies that are financially distressed in South Africa now have an opportunity to reorganise and restructure.
This has far reaching effects on creditors, financial institutions, shareholders, employees and restructuring specialists.
The Sections referred to in this presentation are of
The Companies Act, No 71 of 2008
For more information on Sections of the Act and Business Rescue