The uses of insolvency

With the global recession still being felt, times are tough and many companies are struggling to collect debts from errant customers or clients. In these cases, a winding-up application is arguably the most effective way to collect substantial debt as the following example shows.

Filed under:
South Africa, Insolvency & Restructuring, Litigation, ENS, Bond (finance), Debtor, Discovery, Debt, Liquidation, Good faith, Holding company, Secured creditor, Liquidator (law), Admiralty law
Authors:
Claire Morgan
Location:
South Africa
Firm:
ENS