The Business Rescue Process

Price:
R362.25 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Companies Act
Lecturer:
Yvonne Rossouw
Duration:
240 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

With the current economic downturn and the result of the lockdown, many companies are facing financial distress. This creates a market for business rescue practitioners to provide their unique services.
But what is the business rescue process and who can be a business rescue practitioner?
With the new CPD requirements, all business rescue practitioners need 4 hours verifiable CPD that is specifically focused on the business rescue process.
Join us in this lesson as we discuss the business rescue process and how it differs from liquidation.

Course Content:
• Chapter 6 Of the Companies Act
• Business rescue defined
• Business rescue practitioner defined
o Requirements to register as a business rescue practitioner
• Financially distressed defined
• Stakeholders in a business rescue
o Rights and obligations
• Business rescue proceedings
• Business rescue plan
• Opposing a business rescue
• Timeline of business rescue
• Effects of business rescue
• Liquidation proceedings vs Business rescue proceedings