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Top BBP Law Attorneys News

Rüsselsheim · RüsselsheimEver wonder how someone gets labelled “insolvent”? In South Africa, the law outlines 8 specific actions that can trigger this status. Think of them as red flags that signal a debtor (someone who owes money) is likely unable to pay their creditors. Who is a Debtor? The law broadly defines a debtor, encompassing individuals, partnerships, and estates. However, companies typically go through a different process called liquidation. The 8 Acts of Ins…See the Story
THE 8 ACTS OF INSOLVENCY
50% Left coverage: 4 sources