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 257kb - Updated 09 Nov 2017 @ 11h31]

    Insolvency Practitioners are hereby notified to check the latest published revised National List of Insolvency Practitioners and verify that their details are correctly reflected thereon. Should there be any need to correct and change any details; the Insolvency Practitioner(s) must notify the Insolvency Steering Committee on LiqRenewal@justice.gov.za on or before 16:00 on Thursday 28 September 2017. Failure to adhere to the last mentioned timelines will result in any correction to be effected only after the last intake of candidates to the National List at the end of November 2017. The National List will with effect from 02 October 2017 not be corrected/changed with the frequency it used to be done during renewal period. Insolvency Practitioners are thus requested to cooperate and ensure stability and accuracy of the National List. Your cooperation will thus be appreciated.

 

 

  • 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 (April and September). 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.