Chic Shoe Manufacturers (Pty) Ltd
Date submitted: 03.04.2018
Comments made by the trustee/liquidator
Welcome to Summit Trust.
Kindly be advised that Jochen Eckhoff, Thomas C Van Zyl and Matshediso E Sello will be attending to the liquidation of Chic Shoe Manufacturers (Pty) Ltd (In Provisional Liquidation) “Chic”. Furthermore, all communications regarding this estate (progress reports, creditor reports, meeting of creditors etc) will be done via this online estate profile, the Government Gazette and one or more newspapers circulating in the district in which the company was registered or had its main place of business.
Kindly be advised that Chic was provisionally liquidated on 19 March 2018. Furthermore, The Master of the High Court, Cape Town, appointed Jochen Eckhoff (Summit Trust) and Thomas C Van Zyl and Matshediso E Sello as Provisional Liquidators of Chic on 29 March 2018. It is the duty of the Provisional Liquidators to take control of the company’s assets and not to report on the company’s affairs. The Liquidators will submit a formal creditors report at the second meeting of creditors.
Further instructions and information will follow from the Provisional Liquidators if the order is made final on 24 April 2018.
The provisional order of liquidation was made final on 24 April 2018. The Master of the High Court will now convene by notice in the Gazette, a first meeting of the creditors of the estate for the proof of their claims against the estate. The Master shall publish such notice on a date not less than ten days before the date upon which the meeting is to be held and shall in such notice state the time and place at which the meeting is to be held.
The first meeting of creditors was successfully held and closed on 15 June 2018 at the Magistrate’s court, Bellville. The Liquidators shall, within three months, convene the second meeting of creditors. The purpose of the second meeting of creditors is to prove additional claims against the estate, adopt resolutions and to table a formal creditors, members and contributories report. The time, date and place of the second meeting of creditors and the creditors, members and contributories report will be made available on this website.
The second meeting of creditors will take place at the Magistrate’s court, Bellville, on 20 July 2018 at 11h00.
The second meeting of creditors was successfully held and closed. The liquidators will now proceed in accordance with the section 402 report and creditors directions. The first liquidation and distribution account will be submitted by 15 December 2018.
Summit Trust herewith extends an invitation to all interested parties to contact us if you and/or your company is financially distressed. We can help you consider all your options which might include business rescue, compromise with creditors, voluntary liquidation or sequestration. Your consultation will be free and confidential. If you require our advice, please email email@example.com with a short summary of your financial situation.