Fix it, rescue it or close it? Four options for a client in trouble

Debtor days are climbing, the VAT money paid the wages and the owner asks whether business rescue could buy some time. Before you answer, know that a struggling business has four options, not two: an informal turnaround, a section 155 compromise, business rescue or liquidation. This guide shows South African accountants how to assess distress, test viability, compare the four routes and protect their own fees. It includes a worked liquidation example and an implementation checklist for clients.