The South African economy has encountered many challenges in recent years. From social and political instability and ever-changing GDP growth rates to reduced market buying power, several matters have contributed to financial insecurity. In turn, many businesses have faced difficulties when it comes to
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Living debt free is a goal that many people in South Africa and beyond aspire to. Whether it’s creeping credit card debt, mortgages, or personal loans, managing debt can become increasingly stressful and if left unchecked, it can snowball. Luckily, there are several proactive
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In finance, company liquidation can be understood as “the process of bringing a business to an end and distributing its assets to claimants.” Liquidation usually occurs when a company can no longer meet its financial obligations “when they are due” and is subsequently rendered
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Tax relief refers to “various programmes that help individuals and businesses lower their tax bills and settle their tax-related debt.” Working with an experienced financial attorney can help you achieve the best possible outcome and ensure that the tax relief application is handled efficiently.
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Financial rehabilitation occurs when an individual becomes insolvent and begins the process of regaining their financial health. Typically, this follows the sequestration process, where the person is declared insolvent, and their assets are liquidated to settle outstanding debts. Sequestration provides the debtor with
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If you are dealing with overwhelming debt, insolvency law offers a structured legal approach to manage it. It is designed to offer clear mechanisms towards financial recovery and to ensure that creditors get what they are owed. It works to support both creditors
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Insolvency occurs when businesses or individuals are no longer able to meet their financial obligations to lenders as debts become due. Insolvency can arise for various reasons, including financial mismanagement, increased costs, reduced cash flow, or a combination of these factors. Affected parties can
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