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How and When to Save a Struggling Start-Up

How and When to Save a Struggling Start-Up

by Bionic Chartered Accounting | Apr 26, 2024 | Business, Business Rescue

“Failure is simply the opportunity to begin again, this time more intelligently.”- (Henry Ford, founder of Ford Motor Company) Data from StatsSA has shown that more than 1,500 businesses closed their doors for good in South Africa last year. This can come as no...
What Should You Do If a Creditor Tries to Liquidate Your Business?

What Should You Do If a Creditor Tries to Liquidate Your Business?

by Bionic Chartered Accounting | Jan 14, 2021 | Business Rescue, Insolvency / Liquidation

Due to the recession, there are a rising number of local companies in financial distress and facing threats or applications from creditors to liquidate their businesses. The latest Statistics South Africa (StatsSA) figures released in November show that the total...

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