About business rescue

Based on academic research, this page will soon provide an in-depth analysis of Chapter 6 business rescue in terms of:

• The justification of business rescue.
  • Paradigms on the treatment of commercially or factually insolvent companies.
  • Historical development of business rescue legislation.
  • History of the development of Chapter 6 in South Africa.
  • The timeline of financial distress.
  • Business rescue as one of a number of procedures to save financially distressed companies but economically viable companies.
  • Pre-packaged business rescue.
  • Advantages and disadvantages relative to informal restructuring/workout.
• Likely success rates - business plan adoption, implementation and overall success rates.
• Why companies succeed or fail in business rescue.
• The business rescue process.
• Role of the business rescue practitioner.
• Impact on stakeholders.
• Critical assessment.
• Recommendations for stakeholders.

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