Insolvency and Bankruptcy: Legal Advice for Business Owners, Liquidators and Receivers

Need help dealing with an Insolvent Business or Bankruptcy matter?

Harris Tate Lawyers advise a vast number of businesses on:

• The remedies available to businesses in the event of any of their debtors being adjudicated bankrupt or insolvent.  
• We also advise business enterprises and their owners on the consequences of insolvency and personal bankruptcy when their business ventures do not go according to plan.

Business Insolvency & Liquidation

Insolvency and liquidation of companies are, largely, regulated through the Companies Act 1993.  
Business enterprises can also be put into receivership in terms of the Receivership Act 1993.

What's the difference between Receivership & Liquidation?

• Receivership - When a company is put into receivership, a receiver acts in the interests of a secured creditor or creditors of a business enterprise only.
• Liquidation - When a company is put into liquidation, the liquidator has to act in the best interests of all of the creditors of the company and the company itself.

Harris Tate Lawyers also advises liquidators and receivers on the vast variety of legal issues that may arise in the course of liquidation or a receivership, including the priority of secured interests in the assets of a company.

What is an Official Assignee?

The Official Assignee administers the estates of bankrupt individuals.

Harris Tate Lawyers negotiates as part of our services compromises with the creditors of business enterprises in financial difficulty as well as liquidators, receivers and the Official Assignee.

Phone an Insolvency/Bankruptcy Legal Expert: Ross Harris, David Foster, Katrina Hulsebosch