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South Africa's constantly changing and challenging economic climate has created the need for specialized legal services and structured strategic advice to assist individuals and corporates during times of financial demise.
It must be understood that a liquidation / sequestration is not an embarrassment to you or anybody. It is a simple business decision or process.
Liquidation / sequestration is a debt solution and although it has serious implications towards you and your creditors, it only remains a business decision.
The liquidation / sequestration process requires a liquidator / trustee removing your / the company’s assets and selling it to the highest bidder on an auction. If you are unable to pay your debts and have reached a point where your liabilities (debts) exceed your assets, you are factually insolvent.
The attorneys and staff at Eileen Visser Attorneys have a clear understanding of just how stressful this can be and are well positioned to provide such essential services and advice. Insolvency is a sensitive issue and, due to many misconceptions, is often viewed with fear and misunderstanding. Liquidation and sequestration are however necessary and powerful legal remedies, which, if carried out correctly, can provide highly effective debt solutions. They create finality and certainty for many clients. The process also avoids lengthy litigation as we only use the Application procedure.