Showing 1-6 of 6 law firms
137 years in practice
Rustenburg, North West
56 years in practice
Rustenburg, North West
28 years in practice
Rustenburg, North West
Law Firm
Rustenburg, North West
Law Firm
Rustenburg, North West
15 years in practice
Rustenburg, North West
6 of the 15 firms in our Rustenburg directory list insolvency as one of their practice areas (40%). The longest established are Van Velden-Duffey Inc (137 years), Combrink Kgatshe Inc (56 years) and MW Inc. Attorneys (28 years). All of them have a full profile on our site, with their people, history and the courts they use. Languages spoken across these firms include English and Afrikaans.
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 Rustenburg, the court is the North West Division of the High Court, which sits in Mahikeng (Mmabatho) (about 160 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 Rustenburg that handle sequestrations, liquidations or business rescue.