The latest developments in the Credit Management world.

Business rescue
Business rescue

Business rescue

Business Rescue Chapter 6 of the Companies Act 2008 (Act 71 of 2008) provides for the efficient rescue and recovery of financially distressed companies, in a manner that balances the…

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Liquidating or winding up your company
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Liquidating or winding up your company

Liquidating or winding up your company Liquidation and deregistration are not the same thing. Liquidation Liquidation implies that the business is not able to pay its debts. Liquidation further implies…

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What is prescription
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What is prescription

What does prescription mean? * The Prescription Act 68 of 1969 ("PA") says it means a debt (for example payment of money) is extinguished after the lapse (passing) of a…

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