Consequences of liquidating a

22-Feb-2020 19:43

(In other applications one must give notice to the other affected party(ies) first with a number of days of notice, before you can place the matter on the court roll.

If one cannot make out a benefit to creditors, the Court cannot grant the order.These documents will be served on the entity at its registered address as supplied in the aforementioned Affidavit.The first court date is for a provisional application.This is one of the reasons why people trade too long in entities when it should have been closed down or liquidated a long time ago.There is nothing in our law that prohibits anybody from trading in another entity, so one can proceed with business as usual in a new entity.

If one cannot make out a benefit to creditors, the Court cannot grant the order.These documents will be served on the entity at its registered address as supplied in the aforementioned Affidavit.The first court date is for a provisional application.This is one of the reasons why people trade too long in entities when it should have been closed down or liquidated a long time ago.There is nothing in our law that prohibits anybody from trading in another entity, so one can proceed with business as usual in a new entity.Sometimes entities are on the edge of solvency and insolvency.