79 years in practice
Kariega, Eastern Cape
48 Cannon Street, Uitenhage
+27 (0)41 922 9870 Docex: 1
27 years in practice
Kariega, Eastern Cape
10 Bird Street, Central, Port-Elizabeth+27 (0)41 820 0455
Law Firm
Kariega, Eastern Cape
35 Tongaat Street, Winterhoek Park, Uitenhage (Kariega)083 230 9625Of the 6 law firms we list in Kariega, 3 handle insolvency work, about 50% of the local market. The longest established are Kitchings (79 years) and Annali Erasmus Inc (27 years). All of them have a full profile on our site, with their people, history and the courts they use.
When debts can no longer be paid, insolvency law offers a structured way out. Individuals may apply for voluntary sequestration under the Insolvency Act 24 of 1936, companies can be liquidated, and struggling businesses may be placed in business rescue under Chapter 6 of the Companies Act. An insolvent person can later apply for rehabilitation.
Sequestration applications are brought in the High Court, while debt review runs through a registered debt counsellor under the National Credit Act. For people in Kariega, the court is the Eastern Cape Division of the High Court, which sits in Gqeberha (Port Elizabeth) (about 30 km away).
Sequestration applies to individuals and partnerships, while liquidation applies to companies and close corporations.
A process under the Companies Act that gives a financially distressed company temporary protection from creditors while a practitioner tries to rescue it.
Use the list above to compare firms in Kariega that handle sequestrations, liquidations or business rescue.
