When a company finds itself in dire financial straits it is often confronted with the question of whether it would be best to declare itself insolvent, commence proceedings under the Continuity of Proceedings Act (WCO) or voluntarily dissolve itself and liquidate its assets.
On the other hand, a struggling company's creditors ask if and how they can recover their claims in the most efficient manner.
- Bankruptcy judge
- Continuity of Proceedings Act (WCO)
- Insolvency practitioners
- Preferential rights and mortgages