Business Rescue entails the direct involvement of highly qualified and experienced Business Rescue Practitioners that are competent in turnaround strategy and financial strategy. Compromise with creditors could put your company into a favourable cash flow position to ensure the sustainability of your business in the foreseeable future.
Tailored turnaround strategies for financially distressed companies via Business Rescue Proceedings.
Creating tailored solutions for distressed companies in order secure a more favourable outcome via Business Rescue Proceedings for creditors than what would have been possible in a liquidation scenario and providing management with the necessary tools to ensure the sustainability of the company in the foreseeable future.
Professionalism and stringent compliance with relevant laws and regulations
(Commissioner of South African Revenue Services v Beginsel NO & Others - 2012)
In a recent court case, it was ruled that SARS would enjoy no greater voting interest than any other concurrent creditor of a company, with the result that there is no basis upon which to impeach the voting procedure followed in the adoption of a business rescue plan.
