Thomas van Zyl - The Dangerous Liquidation Industry: Assassinations, threats, bribes - and why voluntary is best

In this interview sponsored by Progressive Administration, MD Thomas Van Zyl, lists the benefits of voluntary liquidation - as opposed to deregistration of a company. He explains the process and its timeline, and shares interesting case studies. Van Zyl also reflects on the dangers of being in the liquidation business - especially in the wake of the assassinations of Cloete Murray and his son, as well as that of Bouwer van Niekerk. “We have liquidators that are threatened on a daily basis. I was on the phone this morning with a friend of mine who's a liquidator and he received a death threat in an unrelated, totally different matter. And now you take these things quite seriously and it's nerve-racking. It certainly is.” Van Niekerk further reveals details about the biggest case currently being handled by Progressive Administration, the Ponzi scheme matter involving HGG Financial Group. Van Zyl, whose mother worked in the Master’s Office and whose father was also a liquidator, has useful advice for those who face liquidation - voluntary or otherwise.