Welcome to Le Roux Attorneys
At Le Roux Attorneys, we are here for you, using our exceptional legal skills, knowledge, and expertise to provide clear, concise advice and solutions. We stand firmly by our clients, no matter the situation, and are dedicated to offering the highest quality service to ensure you receive the very best. Working in association with B Lubbe & Associates, practising since 1998, we blend a rich history with a commitment to building future relationships. Our dynamic, client-oriented approach means your interests always come first. We are the attorneys you can trust for your legal needs.
We are professional and willing to go the extra mile.
Understanding Financial Difficulty: Insolvency vs. Liquidation
Financial difficulty can arise when you’re unable to meet your debt obligations. Le Roux Attorneys can help you understand the two main scenarios: Insolvency and Liquidation.
Insolvency occurs when a person or company cannot pay their debts when they fall due. It can be a stressful situation, but with the proper legal guidance, you can explore your options and find a path forward.
FACING FINANCIAL DIFFICULTY?
LE ROUX ATTORNEYS CAN HELP.
Insolvency: The two different types
Cash-flow Insolvency:
This occurs when you have enough assets to cover your debts in total, but you lack the immediate cash flow to pay your bills on time.
BALANCE-SHEET INSOLVENCY:
This occurs when the total value of your assets (everything you own) is less than the total amount you owe (your liabilities).
Balance-Sheet Insolvency:
This occurs when the total value of your assets (everything you own) is less than the total amount you owe (your liabilities).
Cash-flow Insolvency:
This occurs when you have enough assets to cover your debts in total, but you lack the immediate cash flow to pay your bills on time.
FACING FINANCIAL DIFFICULTY?
LE ROUX ATTORNEYS CAN HELP.
Insolvency: The two different types
Cash-flow Insolvency:
This occurs when you have enough assets to cover your debts in total, but you lack the immediate cash flow to pay your bills on time.
BALANCE-SHEET INSOLVENCY:
This occurs when the total value of your assets (everything you own) is less than the total amount you owe (your liabilities).
Balance-Sheet Insolvency:
This occurs when the total value of your assets (everything you own) is less than the total amount you owe (your liabilities).
Cash-flow Insolvency:
This occurs when you have enough assets to cover your debts in total, but you lack the immediate cash flow to pay your bills on time.
Liquidation
Liquidation is the legal process of closing a business and distributing its assets to claimants in order to pay off debts.
This typically occurs when a business is experiencing balance-sheet insolvency and can no longer continue operating.
SIDEBAR
WE ARE HERE
FOR YOU
Le Roux Attorneys has a proven track record of successfully guiding individuals and businesses through insolvency challenges. Our team has in-depth insolvency law knowledge and extensive experience navigating complex cases.
We are committed to achieving the best possible outcome for our clients, leveraging our experience and expertise in this area.
ABOUT NICOLA LE ROUX
Admitted as an attorney in 2012 and a conveyancer in 2013, Nicola pursued her career as a general practitioner in Cape Town. She later gained corporate experience as a legal advisor for various companies, advising on legal compliance, documents, and debt collection. In 2016, Nicola established LeRoux Attorneys to work closely with clients, focusing on building relationships and finding effective and practical solutions.
CONNECT WITH US
We invite you to connect with LeRoux Attorneys for all your legal needs. Our dedicated team is here to support you every step of the way.
CONTACT US TODAY TO SCHEDULE A CONSULTATION.
ABOUT
Le Roux Attorneys
At Le Roux Attorneys, we are here for you, using our exceptional legal skills, knowledge, and expertise to provide clear, concise advice and solutions. We stand firmly by our clients, no matter the situation, and are dedicated to offering the highest quality service to ensure you receive the very best. Working in association with B Lubbe & Associates, practising since 1998, we blend a rich history with a commitment to building future relationships. Our dynamic, client-oriented approach means your interests always come first.
We are the attorneys you can trust for your legal needs. We are professional and willing to go the extra mile.
