Did you know? Get answers to the most frequently asked questions about Liquidations
At Zebra Liquidators, we believe that knowledge empowers better decisions—especially when facing financial difficulty. Our “Did You Know?” page is here to help you understand the key Insolvency Facts South Africa needs to know, along with legal insights and lesser-known aspects of liquidation, sequestration, business rescue, and overall insolvency. Whether you’re a business owner, creditor, or individual in financial distress, these insights are designed to give you clarity, confidence, and a better grasp of your options.
Discover important facts, debunk common myths, and stay informed with practical information that could make all the difference in your financial journey.
How the Liquidation Process Works
Discover how we source, sort, and sell liquidation stock to bring you the best deals.
Maximize Your Savings
Learn how you can save big on top-quality liquidated goods at unbeatable prices.
Liquidation & Sequestration Explained
Understand how liquidation and sequestration work and what they mean for businesses and individuals.
Did you Know
DID YOU KNOW? A Liquidator is appointed by the Master of the High Court
A Liquidator is appointed by the Master of the High Court by way of Requisitions received by Creditors. In every matter there is also a discretionary appointment made of at least one Practitioner that is on the Master’s PDI list.
DID YOU KNOW? Employees claims are preferent up to a statutory limit
Employees claims are preferent up to a statutory limit of R 28 000.00. They will be paid a dividend if the Estate has sufficient funds in the Free Residue. Secured creditors are paid from the assets encumbered in their favour.
DID YOU KNOW? A company or a Close Corporation can be liquidated
A company or a Close Corporation can be liquidated if you have a claim of at least R 200.00. No benefit to creditors needs to be proved.
DID YOU KNOW? Sequestration cannot always be avoided or delayed
Sequestration cannot always be avoided or delayed, especially if it is a compulsory order by the court.
In many instances, voluntary sequestration might also be the best possible outcome for you.
A benefit of at least two hundred in the rand must be proved for the court to grant a sequestration order.
DID YOU KNOW? An uncomplicated liquidation takes on or about 10-12 months to complete
An uncomplicated liquidation takes on or about 10-12 months to complete. Many of the estates are more complicated and there will then be extra procedures followed. It might be necessary to draft more than one liquidation and distribution account, which will delay the finalization of the estate.
DID YOU KNOW? The liquidation and distribution account must be submitted within six months from the date of final appointment.
The liquidation and distribution account must be submitted within six months from the date of final appointment. The liquidators can apply to the Master to postpone this period if they have valid reasons. It can take anything from a year, or longer (or shorter) before any dividends are paid.
DID YOU KNOW? A creditor, who wishes to share in the distribution of an insolvent estate
A creditor, who wishes to share in the distribution of an insolvent estate, must prove a claim at any meeting of creditors therein to the satisfaction of the office presiding at such meeting.
DID YOU KNOW? That Liquidator’s fees are prescribed
DID YOU KNOW? That Liquidator’s fees are prescribed in the Insolvency Act, Tariff B