When should a company consider business rescue?

  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Relebogile Mabotja spoke to legal expert - Roxanne Webster - also a director in the Business Rescue, Restructuring & Insolvency sector at Cliffe Dekker Hofmeyr, about key things to know about business rescue.

Recently, the country has been abuzz with the news of Comair being placed under provisional liquidation.

So what is business rescue, and when can a company consider whether business rescue is an appropriate response? Companies enter into business rescue when they foresee that they can’t necessarily pay their debts within the ensuing six months and there is some hope that the company can be rescued. When a company makes this decision they will usually start by going to their attorneys who will guide them through the rest of the process and draft a resolution which will be filed with the Companies and Intellectual Property Commission .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chrometco’s ‘financially distressed’ Black Chrome Mine goes into business rescueThe mine’s board believes the move is the best option to facilitate a rehabilitation of the mine and to ensure its long-term survival
Source: BDliveSA - 🏆 12. / 63 Read more »

HILARY JOFFE: High-flying business rescue plan sank ComairEfforts to restructure the airline with an overly ambitious business model came too late
Source: BDliveSA - 🏆 12. / 63 Read more »

How to get your executives on Business TalkBusiness Talk with Michael Avery is South Africa’s leading online business talk show – and your company executives can take part in it.
Source: BusinessTechSA - 🏆 24. / 61 Read more »