WHEN IT’S NO LONGER BUSINESS AS USUAL,
Bankruptcy is just one formal option available under the Bankruptcy Act to manage your debt. Other formal options include temporary debt protection for 21 days reprieve from creditors enforcing a judgement against you, a debt agreement or a personal insolvency agreement. Talk to Corporate Lifeline about…
Great leaders are not those who always succeed, but instead those who rise up, like a phoenix from the ashes of adversity, to recapture success from the clutches of fate and mismanaged finances. Bankruptcy, liquidation, personal illness and even back-stabbing adversaries can come between the final…
The Family Law jurisdiction is often characterised by high emotions and delays inherent in the system.This article focuses on the interplay between family law and insolvency. It may assist in identifying mechanisms available in the corporate sphere which may assist in settlement of matrimonial property disputes…
If you are the director of a company facing the prospect of liquidation, chances are your attention may not be immediately focused on your personal finances. Once all is said and done however, whatever the final position of your business, eventually you will have to take stock of your individual position…
Bankruptcy is a process declaring that a person is insolvent because they are unable to settle their outstanding debts. The process provides legal protection to individuals who are insolvent and unable to agree on a repayment arrangement that is acceptable to their creditors. The bankrupt is no longer…
If you are struggling financially and considering bankruptcy, it is important to understand what this process entails. Bankruptcy is a legal process to help people who can’t pay their debts get a fresh start. In this article, we will discuss the signs indicating you need to file for bankruptcy, ways to improve your financial situation…
When you are being chased to pay bills you can’t afford, you can feel stressed and lonely. Bankruptcy may feel like a solution to make your problems go away. However, bankruptcy has major consequences on your life now and into the future. We recommend you get professional financial advice before…
If you find yourself in a situation where you need financial advice for your business, let us help you.