When a business is no longer able to meet its financial obligations, liquidation may be the most appropriate way to wind down operations in an orderly and lawful manner. We assist companies, creditors, and individuals with all forms of liquidation—whether voluntary or court-ordered.
What Is Liquidation?
Liquidation is the legal process of closing a business, selling its assets, and using the proceeds to pay off debts. Once the process is complete, the company ceases to exist as a legal entity.
Our Liquidation Services
We provide full legal support and guidance through every stage of the liquidation process:
1. Voluntary Liquidation
This occurs when a company’s shareholders or directors decide to wind up the business voluntarily, usually because it is insolvent or no longer commercially viable.
We assist with:
- Advising directors on the legal and financial implications
- Preparing necessary resolutions and supporting documents
- Filing applications with the Companies and Intellectual Property Commission (CIPC) or the High Court
- Liaising with appointed liquidators
2. Compulsory (Court-Ordered) Liquidation
This process is initiated by a creditor or another interested party when a company cannot pay its debts and refuses to liquidate voluntarily.
We help clients:
- File or oppose liquidation applications in the High Court
- Gather and present evidence of insolvency
- Navigate court proceedings efficiently and effectively
- Protect their interests throughout the process
3. Close Corporation Liquidation
Close corporations (CCs) are subject to a similar process as companies. We assist with:
- The proper dissolution of CCs under South African law
- Handling member disputes
- Ensuring compliance with legal requirements for final deregistration
4. Personal (Sequestration) Liquidation
In cases where an individual is unable to pay their debts, we offer legal guidance on voluntary or compulsory sequestration (liquidating an individual’s estate).
Our services include:
- Assessing the merits of a sequestration application
- Preparing affidavits and court papers
- Representing clients in sequestration proceedings
Additional Support
- Creditor Representation
If you are owed money by a company being liquidated, we protect your rights and assist with submitting claims to the liquidator. - Director and Member Advice
We advise business owners on their duties, risks, and liabilities before and during liquidation to help them avoid personal exposure. - Post-Liquidation Support
We help clients resolve any legal issues that may arise after liquidation, such as disputes with liquidators or asset recovery efforts.
Who We Assist
- Business owners seeking to wind down operations
- Creditors pursuing debts from insolvent companies
- Shareholders, directors, and close corporation members
- Individuals needing help with personal insolvency
Why Choose Us?
Liquidation is a serious step with long-term consequences. Our legal team combines experience, efficiency, and sensitivity to guide you through the process with clarity and care. Whether you’re protecting your business, recovering a debt, or starting fresh, we’re here to help you take the next steps confidently and lawfully.