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So far mr.admin has created 41 blog entries.

BUSINESS RESCUE AS AN ALTERNATIVE FOR CREDITORS

BUSINESS RESCUE AS AN ALTERNATIVE FOR CREDITORS Creditors of a company are important role players in any Business and therefore seen as affected persons when it comes to Business Rescue. As soon as a company fails to pay its debt to a Creditor, he may, in terms of Section 131 of [...]

THE EFFECT OF BUSINESS RESCUE ON DIRECTORS OF THE COMPANY

THE EFFECT OF BUSINESS RESCUE ON DIRECTORS OF THE COMPANY 29 July 2016 In previous articles, we discussed that it is the duties of directors of a company which is in financial distress to commence with business rescue proceedings. The focus of this article is what the effect will be of [...]

SAA must be placed into business rescue – Alf Lees

SAA MUST BE PLACED INTO BUSINESS RESCUE - ALF LEES 9 July 2016 DA says the airliner at the hands of Dudu Myeni has been plagued with financial problems with assessed losses of R18 billion to date DA believes it is imperative that SAA be placed into business rescue 19 July [...]

How is a Company placed in Business Rescue?

HOW IS A COMPANY PLACED INTO BUSINESS RESCUE? 15 June 2016 The directors of a company, which will not be able to pay its debts in the immediately ensuing six months, has an obligation to make a decision whether or not the company will commence with business rescue proceedings. In the [...]

Business Rescue

BUSINESS RESCUE   27 May 2016 Companies are always in constant cycles, the highs, the lows and the break-evens. It is part of business and a reality that all businesses do experience these cycles. It is therefore import for entrepreneurs to make the right choice at the right time to provide [...]

Business Rescue as an Alternative for Creditors

BUSINESS RESCUE AS AN ALTERNATIVE FOR CREDITORS 26 April 2016 As previously indicated Creditors of a company are important role players in any Business and therefore seen as affected persons when it comes to Business Rescue. As soon as a company fails to pay its debt to a Creditor, he may, [...]

Do not be afraid of Business Rescue

DO NOT BE AFRAID OF BUSINESS RESCUE   1 April 2016 In today’s economic climate Business rescue has become a critical part of business strategy decision making, especially during economic downturns and recessions. Early warning signs are regarded as all types of events in business that point to the potential demise [...]

Employee Rights in Business Rescue

EMPLOYEE RIGHTS IN BUSINESS RESCUE 12 February 2016 One of the main intentions of the legislature in the promulgation of the “new” Companies Act was the preservation of employment opportunities. In the absence of business rescue, financially distressed companies often ended up in liquidation resulting in the loss of numerous employment [...]

BUSINESS RESCUE PLANS

BUSINESS RESCUE PLANS   29 January 2016 One of the purposes of the Act is to provide for the efficient rescue and recovery of financially distressed companies in a manner that balances the rights and interests of all relevant stakeholders. In order to adopt a proposed Business Rescue Plan more than [...]

Benefits of Business Rescue

THE BENEFITS OF BUSINESS RESCUE   15 January 2016 The Business Rescue process offers a variety benefits other than the obvious continued existence of the company. In terms of the Companies Act, a successful Business Rescue is where the company continues in existence on a solvent basis or where creditors receive [...]