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Business Rescue Practitioner

  • Avoid this one business rescue mistake that cost Mr Madodza thousands
  • Mr Madodza couldn't believe his ears that morning in the High Court. The Judge allowed the Sheriff of Nelspruit to remove his vehicles, even though Section 133(1) (Companies Act) protects businesses from creditors during business rescue. And Mr Madodza was undergoing business rescue. So what happened? The small mistake he made, was that he didn't follow the correct steps to appoint his business re... ››› more
  • [07 March 2014]
  • Appointing a business rescue practitioner? Make sure he meets these five requirements...
  • The Companies Act requires you to appoint a business rescue practitioner when you apply for business rescue. But before you do, your practitioner must meet these five requirements... The Practical Accountancy Loose Leaf explains that either the courts assign a business rescue practitioner to you, or you propose one to the courts. If you appoint your own business rescue practitioner, the cou... ››› more
  • [10 February 2014]
  • Is your business rescue practitioner the right man for the job?
  • Over 3 766 businesses are liquidated every year in South Africa. If your business is insolvent and you're still trading, you can restructure and reorganise your business through business rescue. But to do this, you need to follow the correct processes and appoint an eligible business rescue practitioner. But how do you know if he's the right man for the job? Let's have a look at the five requireme... ››› more
  • [22 January 2014]

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