Winding up a corporation

There are a number of grounds for a corporation to be wound up.  Not all of these concern the corporation’s insolvency, though it is the most common basis for applications for winding up. This article focusses on winding up applications that seek to rely upon the failure of a corporation to comply with a valid statutory…

Recovery of debts and statutory demands

Cash is king and bad debts can be extremely detrimental to your business.  Statutory demands are a means of recovering your debts in an efficient and effective manner, in certain circumstances. It is important to note that: a statutory demand can only be issued against a company, not an individual; the quantum of the debt…

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