Business Rescue

The aim of business rescue is to restructure the affairs of a company in such a way that either maximises the likelihood of the company continuing in existence on a solvent basis, or results in a better return for the creditors of the company than would ordinarily result from the liquidation of the company.

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We facilitate business rescue proceedings aimed to facilitate the rehabilitation of a company that is financially distressed by providing for:

  • The temporary supervision of the company, and the management of its affairs, business and property by a business rescue practitioner.
  • A temporary moratorium (stay) on the rights of claimants against the company or in respect of property in its possession.
  • The development and implementation, if approved, of a business rescue plan to rescue the company by restructuring its business, property, debt, affairs, other liabilities and equity.