8th March 2022
Pagdens is a family of legal practitioners

Bankruptcy – What does that even mean?

BANKRUPTCY – WHAT DOES THAT EVEN MEAN? The law of insolvency in South Africa is known by many through the phrases “the business went belly-up” or “you remember so-and-so, they are bankrupt!” Aside from the general expressions of concern many have when they hear others experiencing bankruptcy, they know little about how others ended up there or rather how to avoid ending up there themselves. This is alarming, considering the serious consequences that becoming so-called “bankrupt” have. Bankruptcy in the legal fraternity is known as ‘insolvency’. Insolvency is regulated by […]