Thinking about liquidating your business? Is your business in financial difficulty? Do you need a lifeline? Business Rescue is a legal process you can use to help.
Chapter 6 of the new Companies Act allows those SA companies in "financial distress" or trading in insolvent circumstances to file for business rescue and, with the assistance of a business rescue practitioner, reorganise and restructure the business with the aim of returning it to a more stable and profitable entity.
Corne van Staden and Larisa Myburgh with Pierre and Keitu on the iStart2 Show
We asked Corne van Staden, owner of Business Rescue cc and a registered Business Rescue Practitioner, some pertinent questions:
- What is the difference between Business Rescue and Liquidation?
- What is a Business Rescue Practitioner?
- What are the benefits of business rescue?
- Who can be helped with business rescue?
To listen to the full interview just click play:
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