Articles by NEA Inc.

Keeping it real.

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Filter: Business Rescue
My company is going under - what is my personal exposure?

08 August 2018

My wife and I are the sole shareholders and directors of our family company. We’ve had a few good years,... but with the current economic times, despite our best efforts to keep the company afloat, it doesn’t look like the company is going to make it. For the first time this reality has hit us and we are both worried that the company’s creditors will come after us and take our home and savings. Can they do this?

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181
Article
Liquidation or business rescue - what is the difference?

09 August 2017

My family company has been operating successfully for nearly 20 years. Over time I’ve also managed to get a few... investors into the business. The last year however has been tough and we are struggling to make ends meet. I feel its decision time about the future of the business, but was wondering whether liquidation is the best route or must I rather look at business rescue? What is the difference between these two options?

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252
Article

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