Showing 1-7 of 7 law firms
146 years in practice
Paarl, Western Cape
132 years in practice
Paarl, Western Cape
88 years in practice
Paarl, Western Cape
22 years in practice
Paarl, Western Cape
20 years in practice
Paarl, Western Cape
Law Firm
Paarl, Western Cape
13 years in practice
Paarl, Western Cape
We found 7 firms in Paarl that take on insolvency matters, out of 15 firms listed in the town. The longest established are Faure & Faure Inc. (146 years), Van der Spuy & Partners (132 years) and Van Wyk Van Heerden Attorneys (88 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 Paarl, the court is the Western Cape Division of the High Court, which sits in Cape Town (about 55 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 Paarl that handle sequestrations, liquidations or business rescue.