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.

Read this: https://www.schindlers.co.za/2020/business-rescue-versus-liquidation-the-difference-between-the-two-mechanisms-to-help-guide-you-in-making-the-best-commercial-decision-for-your-business

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.