DEBT-LAWYERS.CO.ZA

Updated 168 days ago
  • ID: 25256001/114
Unit 4, Parkland 229, 223 Bronkhorst Street
A company in distress can be placed under business rescue to facilitate the rehabilitation of the company subject to a moratorium on the rights of creditors against the company, regarding its assets... A person who is declared insolvent by an order of the High Court is placed under sequestration creditors then have to claim from the insolvent estate through a curator and no longer from the debtor directly. It means that the debtor won't be plagued by creditors claiming outstanding debts or the sheriff showing up at his doorstep. Sequestration is done either voluntarily by a debtor or petitioned by his creditors... A debtor wishing to be declared insolvent can do so with the help of an insolvency attorney. The attorney will assess the debtor's assets and liabilities to determine whether he is indeed insolvent or if he should simply go for debt review or business rescue.
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Interest Score
1
HIT Score
0.60
Domain
debt-lawyers.co.za

Actual
www.debt-lawyers.co.za

IP
34.149.36.179

Status
OK

Category
Company
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