Showing 1-5 of 5 law firms
24 years in practice
Benoni, Gauteng
17 years in practice
Benoni, Gauteng
15 years in practice
Benoni, Gauteng
Law Firm
Benoni, Gauteng
Law Firm
Benoni, Gauteng
5 of the 9 firms in our Benoni directory list insolvency as one of their practice areas (56%). The longest established are Jean Y Byrd Attorney (24 years), Wiseman S. Khalishwayo Attorneys (17 years) and Human Attorneys (15 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 Benoni, the court is the Gauteng Division of the High Court, which sits in Johannesburg (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 Benoni that handle sequestrations, liquidations or business rescue.