Business rescue vs liquidation – what is the difference?

Business rescue is a rehabilitation mechanism, through which a company can restructure its business, contracts, debt affairs, other liabilities and assets. It should not be confused with liquidation. Schindlers Attorneys explain the difference.

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Business Rescue versus Liquidation. The difference between the two mechanisms to help guide you in making the best commercial decision for your business.

The COVID-19 pandemic has caused mass uncertainty for South African business owners, given the far-reaching economic ramifications it may have on our economy. Many business owners are concerned about what this means for the health and sustainability of their business in the coming months.