BRPs to Confirm That Dates on the COR125.1 Forms are Correct

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Business Rescue Practitioners should take note of the CIPC’s Practice Note 5. of 2025 explaining a common mistake on the COR125.1 Business Rescue Status Report form.

The issue?

Some practitioners are filling in the date they completed the form instead of the date of the report, not the date of submission.

Why it matters?

Monthly progress reports are a legal requirement for ongoing business rescue proceedings. Using the wrong date could affect compliance.

What BRPs should do

Double-check that your COR125.1 includes the correct report date before submission.