Insolvency Law

Insolvency refers to a person or business who are unable to pay their debt and are imposed by the court. Seton-Smith and Associates are professionals in insolvency law and are well versed in the actions of Liquidations and sequestrations of companies and private persons respectively.

Insolvency law is guided by Act 24 of 1936, which is recorded alongside the Companies Act of 2008. This act allows for the re-structure of businesses or entity to recuperate financials to avoid immediate liquidation and ease payment to creditors. This process is commonly known as Business Rescue.

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