Insolvency

A downturn in economic growth often results in an increase in insolvencies and liquidations however unpleasant this may be. Under certain circumstances it is often necessary to sequestrate or liquidate debtors to achieve payment of outstanding amounts owed to our clients.

Our professional team is in a position to advise clients whether to proceed with the debt collecting process or to consider the alternative route of liquidation or sequestration to speedily recover outstanding debts.

The liquation and sequestration process also allows for quite draconian measures to be taken to ascertain all assets of debtors. In this regard, we assist our clients in the process of ascertaining hidden assets that the trustee or liquidator can then convert to cash.

We are also in a position to offer clients experiencing difficulty in honouring their financial commitments advice inter alia considering the route of liquidation, applications for the surrender of their estates and business rescue.

Contact persons for this area of practice: 

PartnersTersius Boshoff
Consultant: Adriaan Smuts
 

Adriaan Smuts & Tersius Boshoff
 
 
 
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