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Thread: Any experience with filing chapter 6?

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    Any experience with filing chapter 6?

    Anyone have any knowledge in filing chapter 6? How long does the process take? Costs? Requirements for successful application?

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    Just curious. is "chapter 6" an american term ot used locally as well?

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    Diamond Member Justloadit's Avatar
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    How long is a piece of string?

    If you are referring to a liquidation process, in my experience, there was no debtors outstanding, and I was the only creditor, it cost me R15,000.00 and took 3 days.
    Last edited by Justloadit; 24-Mar-12 at 12:15 PM.
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    Site Caretaker Dave A's Avatar
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    Chapter 6 of the Companies Act (71 of 2008) is a chapter providing for business rescue and compromise with creditors. Haven't had much cause to study it myself as yet.
    The trouble with opportunity is it normally comes dressed up as work.

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