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Insolvency Law – A Business Lifeline in South Africa

Recession has caused hardships that recourse to insolvency law in South Africa could quite possibly have prevented. The common and totally mistaken belief that an insolvent state need be fatal or that it will lead inevitably to a stigma from which a business, particularly a small one, is unlikely ever to recover, is largely responsible for many of the unnecessary hardships experienced by business owners.

The unfortunate result of these widespread misconceptions has been that many of the country’s businessmen and women have been obliged, instead, to submit to the far more dire consequences of voluntary bankruptcy or, perhaps even worse, bankruptcy enforced upon them by their creditors. In either case, the road to financial recovery can often prove to be a long and arduous one that has left many of them unwilling to enter into further ventures, instead, seeking a full or part-time job or facing unemployment.

So what are the advantages offered to business owners by this legal avenue? To understand this we must first understand the conditions that may make such an action necessary.

The insolvent state takes one of two forms. It may either result from an imbalance between assets and liabilities in which the latter exceed the former or it may arise when the cash flow is insufficient to meet a company’s or natural person’s debts as they become due. Though neither state may spell immediate disaster, some action will be necessary to avoid a problem in the longer term.

The nation’s laws provide legal processes that may be followed to ensure that a company, faced with such circumstances, is able to discharge its debts and still continue to trade, without any need to liquidate its assets and close its doors.

To pursue this route, a preliminary financial assessment will be needed, and from the resulting data, a manageable plan to repay debts and meet operational expenses can be drawn up. Du Toit’s Attorneys are experts in these matters and able to negotiate with creditors to arrive at acceptable terms under the insolvency laws of South Africa.

Contact Details:

Website:  http://www.dutoitsattorney.co.za
Tel: 012 643 1882
Email: johan@dutoitsattorneys.co.za

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Mokgalabone Attorneys is a law firm situated in Johannesburg, Gauteng that specializes in employment/labour law, offering specialist litigation services.

Mokgalabone Attorneys offers cutting-edge employment/labour law and litigation services, providing their clients with the innovative legal solutions to their legal challenges that they are searching to be presented with.

The main areas of practice of Mokgalabone Attorneys are as follows:

• Litigation:
o Employment/labour law.
o Immovable property disputes.
o Contract law.
o Commercial transactions.
o Insurance law.
o Constitutional and administrative law.
o Land law and policy.
o Construction law.
o Delictual claims.
• Drafting.
• Commercial and corporate law services.
• Employment/labour law services.
• CASE law.

Mokgalabone Attorneys is situated in the Johannesburg City Centre, with easy reach to:

• Labour Court.
• South Gauteng High Court.
• Constitutional Court.
• Johannesburg Magistrates Court.
• Land Claims Court

Contact Mokgalabone Attorneys for further details on the litigation services and employment/labour law help they have to offer.

Contact Details:

Contact Number:
0113315104

Cell Number:
0727852436

Contact Person:
Robert

Website:
www.mokgalabone.co.za

E-mail:
matomer@yahoo.com

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The Benefits of Using a Conveyancing Attorney in Gauteng

Property is a great investment—we all know that. However, the actual procedure of buying a property can be long and complicated for those who are not well versed with the process. That’s why making use of a conveyancing attorney in Gauteng is recommended. Let a qualified professional handle it all for you.

Taking the Hassle Out Of Conveyancing

Conveyancing is a terms used to describe the legal transfer of a property for one person (or entity) to another. It’s often used in the process of applying and granting a bond. There are several steps needed to get a property transferred and a good conveyancing attorney in Gauteng will get the job done for you in an efficient and streamline fashion. Here are some benefits of using a professional.

• Time saving – A conveyancing attorney will handle all the legalities for you; all you’ll basically need to do is sign. No compiling forms, no registering of documents. A trained professional will do it all for you.

• No room for error – A professional conveyancing attorney in Gauteng is trained in the field and will do everything correctly. They understand all the terminology and make sure everything is correct from both the buyer and seller.

• Peace of mind – Buying a property can often be stressful. However, with a well known and accredited conveyancing attorney you mind can be at rest. They will outline the time frames of the entire procedure, so that you can plan around it and be organised for a smooth process.

Take advantage of the benefits of a conveyancing attorney in Gauteng when you purchase a property for your own private use or business purposes. As professionals they are accustomed to the entire legal procedure and take the stress and worry from your plate.

Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:

http://www.bertsmith.co.za

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Choose Experienced Conveyancers In Gauteng

When looking for conveyancers in Gauteng you are guaranteed to find that Bert Smith Incorporated is just the place to go. This particular company is dedicated to presenting specialised conveyance services to both international and national clients. We strive to ensure that each and every one of our clients is provided with a service that goes above and beyond their high expectations.

At Bert Smith Incorporated we offer more than just the average conveyance services. We are known to be actively involved in opening township registers, servitudes, sectional title schemes and other legal matters and services pertaining to property.  We are confident in our belief that our customer service cannot be matched and endeavour to ensure that each of our clients are provided with a prompt and efficient service that they simply will not forget. We also strive to provide a more reliable and efficient service than all other conveyancers in Gauteng.

We are a team of 17 dedicated and qualified staff members who specialise in the drafting of agreements for the acquisition, sale and development of both residential and commercial property. We also specialise in the registration or pridial and personal servitudes, the registration of bonds, the registration of notarial securities, the legal subdivision of land and property and provide specialised advice on capital gains tax, VAT and other property related taxes.  We provide our services in the Gauteng area and are available for telephone consultations too. Those who would prefer for us to call them back can simply leave their name and contact number on our website and we will ensure that the right person gets in touch with you.

When seeking out the right conveyancers in Gauteng to assist you with your property legal matters, remember that Bert Smith Incorporated has many years experience and professional service to offer you. Ensure that you are assisted by the best in the business – only trust us with your legal property needs.

Contact Details:
Contact Number:
012 654 4107 or 082 578 3104
Fax Number:
012 654 7407
Email:
bert@bertsmith.co.za
Website:

http://www.bertsmith.co.za

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Both Mediation And Arbitration Can Be Used To Settle Disputes

ADR (Alternative Dispute Resolution) is the process whereby the resolving of disputes among parties happens through processes like mediation and arbitration, with the goal of avoiding court action.

Mediation and arbitration differ in several ways.  Mediation involves a neutral, independent third person helping the parties find an acceptable solution, but the parties still impose the terms of settlement themselves.  It is popular for resolving contractual and shareholder disputes, among others.  Arbitration also involves an independent third person, but the terms of settlement are decided by the arbitrator and the arbitrator’s decision is final and legally enforceable.  It is an alternate form of court with similar procedural rules.

Contact Details:

Contact Number:
0860 TOKISO or 011 853 6300

Fax Number:
011 853 6335

Email:
info@tokiso.com

Website:

http://www.tokiso.com

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