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  • Dispositions made by a company that is being wound up | The court’s role

    • 22nd Nov 2021
    • Posted by: Barnard Inc
    • Categories: Business Rescue, Commercial Litigation, Company Law, Court Rulings, Debt Collection, Latest News, Liquidation Application, Litigation
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    Recently, the SCA was asked to decide on circumstances in which it would be appropriate for a court to validate a disposition made by a company that is being wound up.

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  • The Liquidation Application Process

    • 19th Apr 2021
    • Posted by: Barnard Inc
    • Categories: Commercial Litigation, Company Law, Latest News, Liquidation Application
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    Liquidation implies that a business is not able to pay its debt and that the company’s liabilities now exceed its assets. The liquidation of a company further entails that the company will cease to operate and that is generally due to the company’s financial problems.

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  • Voluntary liquidation in South Africa

    • 7th Jan 2021
    • Posted by: Barnard Inc
    • Categories: Commercial Litigation, Company Law, Latest News, Voluntary Liquidation
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    Voluntary Liquidation of a Company

    The process of liquidation involves a company (or close corporation) ceasing all trading activities, selling its company assets and then distributing the proceeds to its creditors. There are two options for the voluntary winding-up of a solvent business.

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