Business Rescue Cc

business rescue cc is a south african company based in pretoria. our aim is to maximise the likelihood of a company remaining in existence. it’s vital to take action as soon as financial problems appear potentially unsolvable. once we have assessed the distressed company’s situation and agreed to act, we immediately: - determine whether there is a reasonable prospect if the company can be rescued; - assist with the application for business rescue status through the following options: 1. the board of the company may resolve that the company voluntarily begins business rescue proceedings to cipc; 2. the board of the company can apply; or 3. an affected person can apply to the court; and devise and propose a business rescue plan. during the commencement of the business rescue proceedings: - the company is protected against creditors; - no legal action may be instigated, commenced or proceeded with; - breathing space is created to structure the debts of the company – such re-structuring wi