Most businesses rely on their financial strengths to succeed and more importantly fund their capital operations on loan accounts or overdraft facilities provided by the financial institutions.
In as much as the businesses are financed as stated above, they tend to fail due to various factors, leading to their liquidation or be placed under judicial management or the directors or managers being sequestrated. The process of liquidating a business is known as winding-up.
The Administration of Estates Act 66 of 1965 governs the process of winding–up of a business and sequestrating a person’s estate.
Langa Attorneys has the necessary expertise in this field of practice and a Senior member of the firm have been appointed to be on the panel of the Master of the High Court as a Liquidator, Trustee and Judicial Manager
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