CAN YOUR EMPLOYER FIRE YOU BECAUSE YOU HAVE BEEN DECLARED INSOLVENT?
There are certain positions which you are excluded from holding once you have been declared insolvent. You are for example unable to be a Director of a company, the Managing Member of a Close Corporation or an Actuary.
With regards to your employment, you can only be dismissed if there is a condition in your Letter of Appointment in terms of which you are not allowed to be an insolvent whilst in the employ of your employer.
Recent Posts