This is always the question we get asked by our clients and we have decided to outline the effects for our clients below.
One of the most important factors to consider when applying for liquidation is that if the company is liquidated, be it voluntary or compulsory, the directors do stance a chance to be held responsible for some debt.
Some of the reasons why this scenario might happen are the following; The director of the entity signed personal surety for debt of the company. Another possible reason might be that the creditor is able to prove that some transactions were handles fraudulently by the director.
If you would like more information on the effects of liquidation, please feel free to contact us below.
Need to Liquidate your company and need assistance? We provide assistance with liquidation.
Simply complete the enquiry form below and one of our consultants to contact you, to discuss the process and how we can provide assistance.
For immediate assistance, please contact us directly on:
Tel: 021 987 1288