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When is surety required? Most of us have heard of surety and if you are in business, you may even have signed surety at some stage in time. This article seeks to explore when and why, as a creditor, it is important to require a surety from a new client, and how it works when attempting collection and a surety is available.
During the Covid-19 pandemic, many people were forced to grant their debtors, payment holidays. Times have subsequently not necessarily improved and people now need to look at recovering the debt owed to them. Some employees still have not returned to work and some...
What is business rescue and what happens to employees during such proceedings?
Business Rescue in very basic terms, is a process that a company voluntarily enters when experiencing financial difficulty with the eye on saving the business from demise.
