Business Rescue
Business Rescue
Business rescue is a procedure aimed to facilitate the rehabilitation of a financially distressed company. The company is placed under the temporary supervision of a business rescue practitioner who manages the affairs of the company. There is a moratorium on the rights of all claimants against the company or in respect of all its property. A business rescue plan is developed to rescue the company by restructuring its affairs. This may include a restructure of the business, its property, debt, other affairs, liabilities and equity. This process is facilitated under Chapter 6 of the Companies Act 71 of 2008
Our Address
Qey West Finance Corporation (Pty) Limited
41 Sloane Street
Bryanston Sandton
South Africa
2191
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