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Independent Trustees is one of the most
experienced business recovery and insolvency practitioners
in South Africa.
We have vast experience in working with
people from all sectors of business, including all major
banks. Independent Trustees have expanded their services to
banks to include services other than liquidations only.
Liquidation should always been seen as
the last resort. E.g. together with a bank, its client and
the client’s attorney, we, through “teamwork”, procure
solutions where buyers, for the business and its assets, are
found and where both the bank and the client benefit.
During this phase our objective is to
establish:
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the current financial position;
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viability of the business;
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short-term funding requirement for the
project;
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existing and projected security values,
options; and
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recommend an action plan.
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