Insolvent Estates (Liquidations)

 

Active Insolvency Practitioners in South Africa

The Chief Master hereby thank all Insolvency Practitioners and aspirant Insolvency Practitioners who submitted their completed information forms.

The provisional National Masters List published hereunder would in all probability represent the Master’s clean-up List.

The follow-up should only be via email (LiqRenewal@justice.gov.za) because no telephone or fax communication will be accepted. If you have sent your information via email and have not received an auto-generated response, indicating that the Master has received your information, please send an email to the Master at LiqRenewal@justice.gov.za.

Once the consideration of additional/outstanding information has been considered, stakeholder and the public would be advised of all green practitioners details for their inputs and objections, if any, to underscore the openness and transparency of this process of cleaning the List.

Follow this link to view the Notice on Insolvency Infrastructure Committee Visits (12 October 2017)

 

Once more your co-operation in this transformation of Insolvency  Practice/Industry is greatly appreciated.

  • Provisional updated list of Insolvency Practitioners 2017-2018 PDF
    [Excel file 143kb - Updated 23 Jan 2018 @ 14h30]

    Insolvency Practitioners Please Take Note Of The Following:

    • Ensure that your Renewal Affidavit for the period 2018-2019 is submitted timeously on or before the 30 March 2018, to avoid your name from been removed from the National List.
    • Renewal Affidavit must include the latest Tax Clearance Certificate for the period 2018-2019.
    • Ensure that your details published on the National List of Insolvency Practitioners is correct.
    • Ensure that your name appears on the published PDI List and that the correct centres where you have infrastructure are correctly reflected.
    • All queries and lodgement of documents MUST only be forwarded to Liqrenewal@justice.gov.za

 

 

  • Renewal Affidavit providing required information for persons applying to remain on the National List of Liquidators [662kb]

The contact details of persons reflected on the PDI lists, appear in full on the National List of Liquidators. Any Practitioner who finds any error with his details is invited to send email to LiqRenewal@justice.gov.za.

Related file: Chief Maters Directive 2016-01 - Appointments in terms of the PDI/BEE list of Insolvency Practitioners.


New Applications for admission to the Active Insolvency Practitioners List

  1. Qualifications:
    Any person who has the following qualifications or is an admitted attorney, may apply to be considered for inclusion in the National list of liquidators:
    1. LLB
    2. B Proc
    3. B Com

  2. Intakes for new applicants will take place twice annually (May and October). The closing dates for submission of new applications before each intake will be March and August.

  3. Assessments of new applicants consists of a written test, as well as a short interview. Candidates should have knowledge of the following in preparation of such assessment:
    • Insolvency Act 24 of 1936;
    • Companies Act 61 0f 1973;
    • Companies Act 71 of 2008;
    • Close Corporations Act 69 of 1984;
    • Relevant Case Law;
    • Latest developments in the insolvency and liquidation industry.

  4. For purposes of the assessment process, should you have met the requirements to be shortlisted, you need to bring:
    • ID document or valid drivers’ licence;
    • Own stationary and calculator
    Note: Candidates will not be allowed access to their cellular phones during the assessment period.

  5. Affidavit for new applicants
    The below-linked information affidavit must be completed and must be lodged, together with the annexures thereto, to the  following e-mail address before the closing dates of each intake as mentioned above.

    Affidavit for New Applications: Affidavit providing required information for persons applying to be placed on the National List of Liquidators [376kb] Updated: 2016/11/10

    These affidavits with annexures may only be submitted electronically to the following e-mail address: NewLiq@justice.gov.za

 NOTICE
INSOLVENCY INFRASTRUCTURE COMMITTEE VISITS AS FROM NOV 2017

PURRPOSE

The purpose of this notice is to inform all Liquidators or Insolvency Practitioners practising in the Republic of South Africa of the reasons of the inspection visits to their offices by Insolvency Infrastructure Committee established by the Office of the Chief Master.

BACKGROUND

  • The Insolvency Infrastructure Committee was established by the Office of the Chief Master and is comprised of various staff members from various Master’s offices.
  • The function of the Infrastructure Inspection Committee in Insolvencies is to confirm and verify information regarding Office infrastructure provided in the affidavit for placement on the National Panel of Liquidators and the Affidavit to renew information of Liquidators /Trustees already on the Confirmed National Panel. 
  • To conduct inspections of all practitioners at least once a year / alternatively on an ad hoc basis as the need arise. 
  • The aim is to inspect the infrastructure where the Insolvency practitioner or liquidator is conducting his/her business

PROCEDURE TO BE FOLLOWED WHEN DOING INSPECTION

Inspection committee to verify if there is sufficient resources available to perform duties as expected from an Insolvency practitioner / liquidator i.e to check:

  • if there is office equipment like a computer, fax or telephone line, photocopier machine,
  • if the  liquidator owns or have lease agreement of the place of business or office and
  • If there is a person employed in the office to attend to the administration issues.

The committee is to report back to OCM that the Insolvency Practitioner/liquidator has/does not have adequate facilities and resources to fulfil his/her duties and if he/she should remain on the National list or not.