Business Rescue and Insolvency Basics

Created by Amy Sara Price, Modified on Fri, 26 Jun at 3:32 PM by Amy Sara Price

Trade Shield | Knowledge Centre TRAINING & WEBINARS

Business Rescue and Insolvency Basics

Approx. 45 min webinar · Credit Thursdays · Watch on YouTube

This webinar walks your credit team through what actually happens to your outstanding debt when a client enters business rescue or goes into liquidation. Business Rescue and Insolvency Basics covers the key differences between these two processes, the order in which creditors are paid, and the practical steps you must take the moment a notice lands in your inbox.

Whether you are responding to your first rescue notice, trying to understand where you stand in the creditor queue, or looking to tighten your credit controls before a client becomes distressed — this session gives you the framework to act with confidence and protect your position.

Please note: this session is for general educational purposes only and does not constitute legal advice — references to South African legislation are provided for context. Always consult a qualified attorney for specific legal guidance.

What You Will Learn

✓ The key difference between business rescue and liquidation — and what triggers each	✓ What the moratorium means for your existing debt and legal claims
✓ The exact order creditors are paid — in both rescue and liquidation scenarios	✓ Your statutory rights as a creditor under the Companies Act s145
✓ What to do immediately when you receive a business rescue notice	✓ How to lodge a formal proof of claim with a liquidator — and why timing is critical
✓ The early warning signs of client financial distress — and how to spot them sooner	✓ Practical steps to reduce your credit exposure before a client goes under

Watch the Webinar — Business Rescue and Insolvency Basics

WEBINAR RECORDING

youtube.com/watch?v=smOb1RlE6wg

Business Rescue and Insolvency Basics

Credit Thursdays · 26 June 2026 · Approx. 45 min

▶ Watch on YouTube

Who This Webinar Is For

Credit Controllers & Managers

Managing debtor accounts and responding to rescue or liquidation notices from clients.

Financial Managers & CFOs

Responsible for credit risk, bad debt provisioning, and understanding creditor ranking in distressed scenarios.

Legal & Compliance Teams

Ensuring the business is equipped to exercise its rights under the Companies Act and Insolvency Act.

Anyone Extending Trade Credit

Suppliers, sales teams, and onboarding staff who need to understand the risk of unsecured credit exposure.

Topics Covered in This Session

Business Rescue vs Liquidation — What’s the Difference?

Two very different legal outcomes, two very different sets of rules — and why the distinction matters to you as a creditor.

How Business Rescue Works — The Process at a Glance

From board resolution to rescue plan vote — the five stages, the moratorium, and what a 75% creditor vote actually means.

Order of Creditor Preference

Who gets paid first — secured, preferent, and concurrent creditors — in both liquidation and business rescue, and where unsecured trade creditors actually stand.

Your Rights and Immediate Steps When You Get the Notice

Your statutory rights under s145 of the Companies Act — and the time-sensitive actions you need to take the moment a business rescue notice arrives.

What Happens Once a Company is Liquidated

From liquidator appointment to proof of claim — a practical action checklist covering what to do, what to stop, and when to engage your CFO and attorneys.

Protecting Yourself Before It Goes Wrong

The proactive credit controls, early warning signals, and Trade Shield monitoring tools that reduce your exposure before a client tips into distress.

ⓘ Tip: As an unsecured trade creditor, you sit at the bottom of both the business rescue and liquidation queues. Your single best protection is a strong credit application, enforceable T&Cs, and early monitoring — before the rescue notice lands in your inbox.

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Download the Presentation Slides

PPTX

Business Rescue and Insolvency Basics — Webinar Slide Deck

Business_Rescue_Insolvency_Basics_26June2026.pptx · 14 slides

↓ Download Slides

The slide deck covers all the frameworks from the webinar — a practical reference to keep alongside the recording.

✓ Business rescue vs liquidation comparison	✓ The 5-stage business rescue process diagram
✓ Creditor preference order — rescue and liquidation	✓ Creditor rights checklist (s145 Companies Act)
✓ Liquidation action checklist — what to do immediately	✓ Proactive credit protection steps and early warning signs

Related Resources

› Watch on YouTube — Full Webinar	› Training Videos & Webinars — All Sessions
› Trade Shield Knowledge Centre — Home	› Contact Support — support@tradeshield.ai

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pptx

Business_Rescue_Insolvency_Basics_1.pptx
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