Insolvencies in the current scope of the South African legislation can be divided in three categories, namely: Sequestrations, Liquidations and Business Rescue.
People and companies experience financial difficulties all the time especially in a developing economy like hours. But where does this leave creditors? The Insolvency Act 24 of 1936, the Companies Act 61 of 1973 as well as the Companies Act 71 of 2008 provide creditors with effective methods of securing payment.
At Hunts Attorneys, we have a team with countless years of experience dealing with various insolvency matters be it sequestrations, liquidations, or business rescue. Our team of experts can assist you with managing the process by ensuring that your rights as a creditor is looked after during the insolvency process, be it the launching of the appropriate application, intervening in pending applications or supporting our clients at creditor meetings.
We also have vast experience in appearing at the Master’s office for enquiries, submitting and proving claims, investigations, and general insolvency law advisory.