Liquidation Process
Steps and Process to Liquidate Process to Apply for Liquidation Please complete the attached form to enable me to prepare for the meeting...
LATIN PHRASES EXPLAINED
LATIN PHRASES EXPLAINED South Africa is a constitutional democracy but its law is derived from 3 principal sources: legislation,...
Statistics of Liquidations and insolvencies, March 2019
Dear Member Key findings: P0043 - Statistics of Liquidations and insolvencies, March 2019 The total number of liquidations recorded...
Compromise (Section 311 of the Companies Act)
A: The purpose of a Section 311 compromise is to reach a binding agreement between the shareholders and creditors of the company with a...
Creditors in Liquidations
Q: What is a Preferent creditor? A: A preferent creditor is a creditor who holds security for his loans for example the creditor who has...
What is a Secured creditor?
A: A Secured Creditor is a creditor which holds security for the credit. Examples: bond over your company’s property, motorcar/asset...
Q: Who is “The Master of the High Court”?
A: The Master of the High Court is an institution which is the guardian of all insolvents, minor children and the estates of deceased...
Q: What is a: “Trustee”, “Liquidator” and “Curator”?
A: Once a natural person is sequestrated the Master of the High Court appoints a Trustee who must take control of the assets. In case a...
What is the difference between “sequestration”, “bankruptcy”, “liquidation”, “insolvency” and “surre
Q: What is the difference between “sequestration”, “bankruptcy”, “liquidation”, “insolvency” and “surrender of estate”? A:...
Kransfontein Beleggings (Pty) Ltd v Corlink Twenty Five (624/2016) [2017] ZASCA 131 2017 (3) SA 539
Kransfontein Beleggings (Pty) Ltd v Corlink Twenty Five (624/2016) [2017] ZASCA 131 2017 (3) SA 539 (GJ) Joinder of creditors in...
