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.
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.