Are you in dire straits with your Company or Close Corporation, trading in insolvent circumstances and without any reasonable prospects of trading out of this position?
- Consult with an experienced attorney to explore your options and find the most optimal solution available to you.
- Take advantage of our offer of the first 30 minutes free to get answers and start taking steps to get your life back on track.
- If you have questions regarding the way forward or the possible liquidation of your Company/Close Corporation, make an appointment for a free consultation to discuss all questions in detail.
- Making an informed decision requires a complete evaluation of all the facts, and we pride ourselves on being very approachable.
- All information shared in the consultation will be kept strictly confidential and is subject to attorney-client privilege.
- Liquidation is a legal process in which a liquidator is appointed to 'wind up' the affairs of a limited company. At the end of the process, the company ceases to exist.
- The purpose of liquidation is to ensure that all the company's affairs have been dealt with properly, including:
- Ensuring all company contracts (including employee contracts) are completed, transferred, or otherwise brought to an end;
- Ceasing the company's business;
- Settling any legal disputes;
- Selling any assets;
- Collecting in money owed to the company; and
- Distributing any funds to creditors and returning share capital to the shareholders (any surplus after repayment of all debts and share capital can be distributed to shareholders).
