The National Credit Act only makes provision for individuals and some trusts to be placed under debt counselling. Yet, a lot of our clients have their own businesses, especially CC’s. How do we help them?
As solutions will differ from business to business, we suggest you contact us for further advice on your particular problem.
The new Companies Act has introduced the concept of “business rescue”, but unfortunately we are still a long way away from help in that regard.
As attorneys we help businesses by negotiating with creditors on behalf of the owner. We may place the owner on debt counselling themselves or not, depending on the circumstances. For businesses we use a combination of different legal measures to assist, and we are proud of our successes in this regard.
We also assist in the liquidation of businesses in cases where that may be necessary.