Insights

Business rescue

When is a company financially distressed?

For purposes of business rescue, it is important to understand the meaning of “financial distress”, as the requirements of the Companies Act are triggered as soon as a company is in financial distress.

The Companies Act When is a company financially distressed, and what does it mean?

For purposes of business rescue, it is important to understand the meaning of “financial distress”, as the requirements of the Companies Act are triggered as soon as a company is in financial distress. 

Did you find this useful?