Independent Trustees is one of the most respected and experienced business recovery and insolvency practitioners in South Africa. We understand the financial problems that companies may experience and endeavour to find corporate recovery solutions where possible.

We have a solid understanding of the Insolvency Act, Companies Act, Close Corporations Act and related legislation.

The legal principles are vast and complex. The sooner we arrive at the scene of the corporate accident, the better the chances of any recovery.

Our services include the following:

• Corporate Recovery: We review the financial position of a business and aim to find a recovery plan and a way for the business to become profitable.
• New Companies Act Sections 129- 155 - Business Resuce/ Compromise / Restructuring: We offer consulting services at a fee structure that will align our respective expectations. We have also devised a plan that will provide an alternative for liquidation to both clients and professionals such as attorneys who have been instructed to liquidate companies.
  
• Alternative for liquidation: We offer a processs that will not only be more efficient and quicker for creditors but which will also take the matter out of the hands of the bureaucrats in bringing matters to finality. We will share in risk and rewards and we will  become partners in achieving a better outcome for all. For more information or to arrange a consultation please email us.
  
• Voluntary Winding Up: Companies often need to be placed in members’ or creditors’ voluntary winding up in terms of the provisions of the Companies Act. We are experienced in the drafting of documents, registration of the resolutions and the actual winding up process.
• Liquidation: Where a business cannot be saved and liquidation is inevitable we are able to advise the directors, shareholders and creditors on the procedure and we also act as Liquidators.
• General Advice to Company Director: The Companies Act 71 of 2008 has brought about a new set of rules and when trading under insolvent circumstances, this may lead to personal liability of directors for the company’s debts. We are able and qualified to advise directors on the steps necessary to protect their interests as well as those of their creditors.

Companies get into financial difficulty for a number of reasons. The business model fails or a good business model is badly managed, whatever happens, we often arrive at the scene of a corporate accident. That is our business!