Tag: liquidation

Article courtesy of Law Dot News | Insolvency / Liquidation - Ponzi Schemes Ponzi Schemes: Can Liquidators Claw Back 600% of Payouts? “MTl’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from the MTI judgment) RecentRead more

Article courtesy of Law Dot News | Debit Recovery | Insolvency | Liquidation Creditors: How to Secure Your Claim with a Notarial Bond You should always take as much security for your claims as you possibly can before advancing credit or lending money to a debtor. That’s because if your debtor fails and is “liquidated” (if a corporate) or “sequestrated”Read more

Article courtesy of Law Dot News | Debit Recovery | Insolvency / Liquidation Application Debtor Not Paying? Consider a Liquidation Application “When debtors once have borrowed all we have to lend, they are very apt to grow shy of their creditors’ company” (John Vanbrugh) Bad debt is a major issue for many businesses in these hard economic times – notRead more

Article courtesy of Law Dot News | Business Law | Corporate Compliance “Creditors have better memories than debtors” (Benjamin Franklin) In these hard times of pandemic and economically destructive unrest, an unfortunate number of businesses face collapse, and many will opt for the “first aid for companies” option of business rescue. Creditors coming out of that process with a shortfallRead more