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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.

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