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.

Any 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.

Important Note:

Please take note that the 2019 Renewal Process closed on the 29 March 2019, please follow link below to view the Draft list in respect of Renewal Process 2019. Insolvency Practitioners highlighted in green have “FULLY” complied with the Chief Master’s Requirements and are eligible to be on the Chief Master’s National List of Insolvency Practitioners.

Practitioners highlighted in red have “NOT FULLY” complied with the Chief Master’s Requirements. Those Practitioners are invited in terms of PAJA to furnish reasons within 30 days from date of publication of this Notice, to furnish reasons as to why they should not be excluded from the Chief Master’s National List of Insolvency Practitioners. All reasons must be emailed to Liqrenewal@justice.gov.za

Draft list in respect of Renewal Process 2019 PDF [70kb]

 

2019 RENEWAL:

Liquidators must ensure that the 2019 Renewal Affidavit must be lodged on or before the 29 March 2019. Renewal Affidavits for 2019 received after the 29 March 2019 will not be considered and no further extensions will be granted. Failing to lodge the Renewal Affidavit on time will result in your name being removed from the National List and PDI list.

The following documents must be included:

a. Renewal Affidavit (Link to form: Renewal Affidavit)
b. Tax Clearance (Personal),
c. Tax Clearance (Business); if you are a sole proprietor, please lodge proof,
d. Written Confirmation of Bond Facility (Approved Bond Company and not the Agent) and
e. Confirmation from Bond Company that all premiums are paid up to date.

Liquidators must also ensure that the Renewal Affidavit is completed in full and clearly indicate the Satellite Offices as well as the place of business for such satellite office. Failing to clearly indicate this, will result in you being removed from the Satellite offices even though you were previously appointed at such Satellite Office.

All Renewal Affidavits must be emailed to Liqrenewal@justice.gov.za

 

2019 NEW APPLICATIONS

Kindly note that the applications for the Second Intake are now open and will close on the 31 August 2019. No Late Applications will be accepted.
The following documents must be included in your application:

  • Affidavit for new Applicants (Link to form:  Affidavit for New Applications)
  • ID Copy
  • Tax Clearance (Personal & Business)
  • Qualifications
  • Written Confirmation of Bond Facility
  • Written Confirmation of Bank Details (Personal & Business)
  • Copy of Lease Agreement/Ownership
  • Letter of Good Standing from Professional Body

All applications including required documentation must be emailed to: Newliq@justice.gov.za

 

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

  • List of PDI Practitioners PDF
    [Excel file 84kb - Updated 03 Jun 2019 @ 10h58]

  • Affidavit of Non-Interest (for appointment as Trustee /Liquidator) to be used by all Liquidators. Please take note that the implementation thereof has been postponed until further notice. In the meantime the Old Affidavit remains applicable [296kb]
  • Renewal Affidavit providing required information for persons applying to remain on the National List of Liquidators [253kb]

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 September.

  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