de Jonge Read Case Studies

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Okay, I put the company into liquidation – now what?

Apr 18, 2019
5 min

Okay, I put the company into liquidation – now what?

This month’s case study looks at a recent situation where the director had already put the company into liquidation on his former accountant’s advice prior to talking to de Jonge Read. The client engaged a new accountant for a new venture he was considering. When the new accountant heard what had happened, he contacted de Jonge Read and arranged a meeting to review the client’s position with the liquidation. BACKGROUND Our client ran a building company focusing on top-end res

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The Tale of Two Brothers

Oct 18, 2018
3 min

The Tale of Two Brothers

Vic and Richard are two brothers who were directors of what became a rather large (100+ employees) company. Due to changes in the industry, the business model changed, became unprofitable and ultimately the company was put into liquidation. On the advice from the accountant Vic and his wife met with de Jonge Read and engaged our services for strategic insolvency planning. At this time, they had a home, a holiday home, both with mortgages (and minimal equity), and a young fam

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Watch Out For That Forgotten Deed of Covenant

Do You Speak Fluent Bank?

Sep 25, 2017
3 min

Do You Speak Fluent Bank?

In today’s climate banks are often reluctant to incur the costs involved with appointing a receiver or controller when businesses struggle. When shortfalls are experienced de Jonge Read has had a great deal of success in being able to negotiate commercial settlements for directors who are prepared to assist the banks in obtaining the best return possible. This month’s case study outlines one of these success stories. BACKGROUND We were engaged by a client who operated a real

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