Commercial Business Services
Insolvency
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The law of insolvency can generally be described as the general body of rules regulating the situation where a debtor cannot pay his debts or where a debtor's total liabilities exceeds all his assets. Innovative restructuring can avoid the adverse effects of insolvency. When insolvency is inevitable however, a strategy may become one of minimizing loss and maximizing returns for creditors.
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The scope of our services include:
- Risk Management
- Debtor restructuring and securitization
- Debt recovery
- Business reconstruction
- The liquidation of companies and close corporations
- The sequestration of individuals and partnerships
- Negotiating and drafting of schemes of arrangement in terms of the Companies Act
- Preparation of claims
- Rehabilitation
- Litigation support and assistance to liquidators