Business Rescue Practitioners
Turnaround Business Management
Phone: +27 11 789 1605
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Business Rescue Proceedings

The Companies Act 71 of 2008 together with the Companies Regulations of 2011 define the process to be followed in a Business Rescue case.

A company can go into Business Rescue proceedings from one of the following:
1. Company Resolution to begin business rescue
2. Court order to begin Business Rescue.
    Court Order can be from any of the affected parties including employees
3. Compromise with creditors.

The rest of the process will be followed as defined by legislation and court decisions with the business rescue practitioner managing the whole process

To understand more of this process you can also read the background information or download the Companies Act.

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Business Rescue Practitioners

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