EFFICIENT BUSINESS LIQUIDATION

Efficient business liquidation, how to liquidate a business effectively is a very specialised skill. Cure Debt, liquidation experts. .

When you experience financial difficulties in your business, it is sometimes better to walk away from the business and find a liquidation expert that will do an efficient business liquidation.  However, that is easier said than done. We can help you with individual and business debt solutions.  Curedebt is an NCR-authorised debt relief solutions practitioner.  

All DEBT RELIEF SOLUTIONS available in South African Law, under ONE roof.  We cannot help you; no one can.  

CUREDEBT efficient business liquidations experts
Our team of experts in liquidation can efficiently liquidate your business, allowing you to move on from your financial problems.

Skilled professionals are standing by to help you.
Our team at CUREDEBT is well-versed in efficient business liquidation processes and prides itself on assisting numerous companies that, through the years, have experienced financial difficulties in South Africa.  Our exceptionally skilled staff has a wealth of experience in the industry and will work hand in hand with you to determine whether an efficient business liquidation process is the best course of action.

What does the Companies Act of South Africa say about Business Liquidation?
You have a legal obligation to liquidate the business if you are a member of a corporation or a director of a company, and you are unlikely to be able to pay creditors as they become due over the course of the next few months. 

Because you are in this position, you have a legal obligation to liquidate the company in terms of the Companies Act of South Africa. When this is not done, it constitutes a criminal offence. Whenever a company is in fact bankrupt, it cannot continue to operate in business.

There are two main types of efficient business liquidation.
Voluntary Liquidation
If all the members can come to an agreement that there is a financial concern, then the most straightforward approach would be to take a special resolution.

Compulsory Liquidation
When one of the creditors files a lawsuit against the company or the creditor, the second potential outcome must be taken into consideration. This is a lengthy process that will have serious implications for your finances.

Is business liquidation governed by South African laws?
Yes, efficient business liquidation is a process governed by law in which a liquidator is appointed to "wind up" the affairs of a company or closed corporation.Along with taking possession of assets and distributing the proceeds among creditors in accordance with the provisions of the Companies Act,.

What is the primary purpose of efficient business liquidation?
The primary objective of efficient business liquidation is to dissolve the company in a systematic manner while also dividing the proceeds from the sale of assets in a manner that is reasonable for every one of the creditors.

What happens when the business liquidation process is finalised?
Following the final step of the liquidation procedure, the company will no longer be in operation. The purpose of an efficient business liquidation process is to ensure that all the company's business matters have been addressed in an appropriate manner.

Assuring the following is necessary for an effective business liquidation:
• All corporate contracts, including employee contracts, are either concluded, transferred, or dissolved.
• Terminating the company's operations.
• To resolve all legal disputes.
• To sell all assets.
• Instituting collection procedures for money owed to the company.
• Distributing funds to creditors and returning share capital once all debts are satisfied.

Finding an Efficient Business Liquidation expert
Getting a professional's advice is crucial if you're thinking about going through with a voluntary liquidation of your company. CUREDEBT has helped a lot of clients throughout the years. Because we’re registered at the National Credit Regulator (NCR) as an authorised debt relief solutions practitioner with an excellent track record and understanding of efficiently liquidating a business.

CUREDEBT IS AN NCR-REGISTERED DEBT RELIEF SOLUTIONS EXPERT SERVICE PROVIDER.
Steer clear of those that aren't authorised NCR-registered debt relief solutions service providers. It really is that simple. Any practitioner specialising in debt relief solutions is required to be NCR-registered because debt relief solutions practitioners are monitored by the National Credit Regulator (NCR).

Why cure debt?
Cure Debt is the ultimate debt relief solution to your unique debt problem.  With a proven track record, we are proud to say that we can help you become debt-free.