Is your business struggling with financial distress? Before resorting to liquidation, consider a strategic alternative that could restore stability and preserve value, business rescue. At Mayet & Associates, we provide expert legal support to companies facing financial hardship, helping them navigate the business rescue process as provided for under the Companies Act 71 of 2008. Our goal is to assist businesses in regaining solvency, protecting assets, and ensuring continuity of operations.

Business rescue is a formal legal mechanism designed to rehabilitate a financially distressed company. It enables the company to continue trading under the temporary supervision of a licensed business rescue practitioner, while a comprehensive rescue plan is developed and implemented. This process offers legal protection against creditors through a statutory moratorium, allowing the company the breathing room it needs to restructure its affairs, manage its liabilities, and avoid the damaging consequences of liquidation.

Unlike liquidation, which typically results in the winding-up of the company and loss of jobs, business rescue focuses on recovery. It offers significant benefits to all stakeholders, from shareholders and employees to creditors and suppliers. Through this process, companies can negotiate more manageable payment arrangements with creditors, preserve employment, and restructure operations to become more financially viable in the long term.

If your company is unable to pay its debts as they become due, is under pressure from creditors, or is at risk of insolvency, business rescue may be the most practical solution. Acting early can mean the difference between a complete business collapse and a sustainable turnaround. The Companies Act requires that the company must have a reasonable prospect of recovery, and with the right legal and financial guidance, this is often achievable.

At Mayet & Associates, we provide full-service support throughout the business rescue process. Our services include advising on when to initiate rescue, drafting and filing necessary legal documents, coordinating the appointment of a business rescue practitioner, engaging with stakeholders, developing the business rescue plan, and supervising its implementation. We combine legal precision with commercial insight to provide tailored solutions that give companies the best chance of recovery.

Our experienced team has advised clients across various sectors and jurisdictions, including cross-border matters involving South Africa and Lesotho. With our strategic approach and deep understanding of corporate insolvency law, we help companies protect their future and the livelihoods that depend on them.

If your business is in distress, don’t wait until it’s too late. Reach out to us for a confidential consultation and let our business rescue experts guide you through the process with professionalism and clarity. We are here to help your company survive, restructure, and thrive