Liquidation and business rescue are two options that may be available to companies that are experiencing financial distress. Both options involve restructuring the company’s operations or assets in an effort to address the financial problems and preserve value for the company and its stakeholders. However, there are some key differences between the two options:The primary goal of liquidation is to sell the company’s assets and distribute the proceeds to the company’s creditors.
Overall, liquidation and business rescue are two options that may be available to companies experiencing financial distress, but they differ significantly in terms of their purpose, process, outcomes, and impact on stakeholders.
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So when will 🇿🇦 be placed under business rescue 🛟 🥸🥸 or are we long past that and should instead be liquidated 👀
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