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2. South African insolvency law - Wikipedia

   en.wikipedia.org/wiki/South_African_insolvency_law

   An act of insolvency need not be committed vis-à-vis the sequestrating creditor. Section 9(1) gives any creditor of the debtor the right to apply for sequestration once the debtor commits an act of insolvency—whether or not the debtor directed the act at the creditor concerned or intended it to have any bearing on that creditor's affairs.

3. Liquidation - Wikipedia

   en.wikipedia.org/wiki/Liquidation

   It is just and equitable to wind up the company, as for an example specified by an insolvency act [4] In practice, the vast majority of compulsory winding-up applications are made under one of the last two grounds. [5] An order will not generally be made if the purpose of the application is to enforce payment of a debt which is bona fide ...

4. Provisional liquidation - Wikipedia

   en.wikipedia.org/wiki/Provisional_liquidation

   the application was made simply to try and permit the company to continue to trade where the company is insolvency and clearly should be wound up; or; there was a genuine dispute as to the creditor’s debt. Given their nature, applications for provisional liquidation are often made urgently and without giving notice to the company or its ...

5. Minister of Justice and Constitutional Development v SARIPA

   en.wikipedia.org/wiki/Minister_of_Justice_and...

   As required by various legislation, the policy regulated the process for the appointment of insolvency practitioners to act as trustees of insolvent estates in insolvency proceedings under the Insolvency Act, 1936. Insolvency practice was historically dominated by white men, [1] and section 158(2) of the Insolvency Act explicitly licensed the ...

6. Bankruptcy and Insolvency Act - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy_and_Insolvency_Act

   A notice of intention, [66] a Division I proposal, or a Division II proposal, will automatically create a stay of proceedings and "no creditor has any remedy against the debtor or the debtor's property, or shall commence or continue any action, execution or other proceedings, for the recovery of a claim provable in bankruptcy".

7. Administration (law) - Wikipedia

   en.wikipedia.org/wiki/Administration_(law)

   An application to the court for an administration order may be made by the company, the directors, a creditor or any combination of them. The Enterprise Act 2002 amended the Insolvency Act 1986 to provide an out-of-court process to appoint an administrator to the holder of a floating charge or the company or its directors. This is considerably ...

8. Companies' Creditors Arrangement Act - Wikipedia

   en.wikipedia.org/wiki/Companies'_Creditors...

   The Companies' Creditors Arrangement Act [1] (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their businesses and financial affairs.

9. Liquidator (law) - Wikipedia

   en.wikipedia.org/wiki/Liquidator_(law)

   Without sanction, the liquidator may carry on legal proceedings and carry on the business of the company so far as may be necessary for a beneficial winding-up. Without sanction, the liquidator may sell company property, claim against insolvent contributories, raise money on the security of company assets, and do all such things as may be ...