Often businesses face cashflow problems or cannot pay their creditors and debts as they become due, but the business is still viable and if given some “breathing room”, will be able to trade out of its current financially distressed circumstances.

Business Rescue aims to do precisely what the name says; to rehabilitate or restructure the financial affairs of a Company under financial duress and to maximise the likelihood of the Company continuing to exist on a solvent basis.

The key to business rescue will be the successful development and implementation, if approved by creditors, of a business rescue plan by restructuring its affairs.

We will advise you on the most appropriate manner in which business rescue proceedings should be implemented and will also advise business rescue directors, stakeholders, employees and creditors during all stages of the business rescue process.