Business Rescue Services
Rescue Your Business Legally – Before It’s Too Late
Restore Financial Stability and Avoid Liquidation
If your company is financially distressed but still has a reasonable prospect of recovery, business rescue can give you a second chance. This legal process, as outlined in the Companies Act, offers temporary protection from creditors while a turnaround strategy is developed and implemented.
At CTV & Associates, we help you enter business rescue the right way, lawfully, strategically, and with a clear focus on sustainability. Led by a former SARS official with over 14 years of experience in corporate tax and financial compliance, we guide directors and shareholders through this complex but powerful lifeline.
Get in Touch
If your business is under financial pressure, don’t wait until it’s too late. Business Rescue can give you a lawful lifeline to protect your company, jobs, and future.
Contact CTV & Associates today for a confidential assessment and expert support.
Services include:
Business turnaround strategy
Tax debt negotiation & compromise
Voluntary liquidation support
Restructuring for compliance
Our Business Rescue Services Include:
- Full assessment of financial distress and eligibility
- Strategic planning and turnaround advice
- Drafting and filing of Business Rescue resolution or court application
- Appointment and support of a Business Rescue Practitioner
- Liaison with SARS and other affected creditors
- Guidance through the business rescue plan process
Why Choose CTV & Associates?
- Over 14 years’ experience in business and tax advisory
- Led by a former SARS official with insider knowledge
- Strategic and legal alignment with the Companies Act
- Confidential support for directors and stakeholders
- Focused on business continuity and debt resolution
Frequently Asked Questions
Q: What is Business Rescue?
A: Business rescue is a legal process under the Companies Act that provides financially distressed companies with protection from creditors while a turnaround strategy is developed.
Q: Who qualifies for Business Rescue?
A: A company must be financially distressed, meaning it’s unlikely to pay its debts in the next six months, but must still have a reasonable prospect of recovery.
Q: Does Business Rescue stop SARS or creditors from taking legal action?
A: Yes, once business rescue proceedings begin, there is a legal moratorium on most legal actions, including by SARS, giving the business breathing room to restructure.
Q: How long does the Business Rescue process take?
A: It typically lasts three to six months, depending on the complexity of the business and the success of the adopted plan. Extensions are possible under court approval.
