LIQUIDATORS FINANCE

Vital funding for business rescue practitioners managing property transfers

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Speed Up Liquidation Sales: Property Finance for Liquidators

Efficiently winding up an insolvent estate or liquidated company requires the swift realisation of assets, particularly immovable property. However, outstanding municipal accounts, rates, taxes, and levies commonly associated with these properties can create significant roadblocks, preventing the issuance of necessary clearance certificates and delaying the final transfer to buyers. Our specialised Liquidators Finance provides a targeted solution to this challenge, offering appointed Liquidators the necessary funds to immediately settle these property-specific debts, unblocking transfers and accelerating the distribution of funds to creditors.

Finance for Liquidators

A financing facility designed specifically for the needs and processes managed by appointed Liquidators.

Funds for Clearance Certificates

Provides capital precisely to cover outstanding municipal rates, taxes, levies, and other costs required to obtain property clearance certificates.

Enable Smooth Transfers

Accelerates the crucial property transfer process by resolving the financial hurdles that cause delays at the municipality and Deeds Office.

Unlock Estate Value

Facilitates the conversion of immovable property assets into liquid cash for faster distribution to creditors and finalisation of the estate.

Secured by Sale Proceeds

The finance is typically secured against the anticipated proceeds from the sale of the liquidated property.

Streamline Admin

Helps Liquidators manage the estate more efficiently by removing common obstacles in the asset realisation phase.

Who It’s For

This specialised funding solution is designed exclusively for appointed Liquidators overseeing the winding-up of insolvent estates or liquidated companies as per South African law. It is specifically for situations where the liquidation process involves the sale of immovable property within the estate, and where outstanding property-related debts are impeding the legal transfer of that property to a buyer. If you are a Liquidator facing delays in finalising property sales due to the need to settle rates, taxes, or levies for clearance certificates, this finance is structured to meet your specific requirements and facilitate the smooth conclusion of the transfer.

Benefits

  • Acceleration of asset realisation, turning immovable property into cash significantly faster by removing the financial delays associated with clearance certificates.
  • Quicker distribution of funds to proven creditors, fulfilling a core objective of the liquidation process and improving stakeholder satisfaction.
  • Helps prevent potential sales from collapsing due to prolonged delays.  
  • Enhances the overall efficiency of the liquidation process, allowing Liquidators to finalise estates more promptly.

Frequently Asked Questions

What is the purpose of liquidators finance?

Its primary purpose is to provide funds to Liquidators specifically to pay for outstanding municipal rates, taxes, levies, and other essential costs tied to a liquidated property, which are necessary to obtain the clearance certificates required for its legal transfer to a buyer.

Who is eligible to apply?

Only formally appointed Liquidators of insolvent estates or liquidated companies are eligible to apply for this specific funding product.

How does it speed up property transfers?

By providing the immediate funds needed to pay outstanding property-related debts, it removes the financial hurdle that prevents municipalities from issuing clearance certificates, thereby allowing the conveyancing process to proceed without delay.

What happens if the property sale falls through?

The terms of the finance agreement will outline the procedures in such events. As the finance is secured by the property, discussions with the lender would be necessary, managed within the framework of the ongoing liquidation process.

Can this finance be used for other liquidation expenses?

This specific product is primarily designed and intended for funding the costs directly related to facilitating the transfer of immovable property by obtaining necessary clearances. Other funding solutions might be available for different liquidation expenses.

APPLY FOR LIQUIDATION FINANCE

 

This form applies to the following bridging loan categories:

Liquidation Finance

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