Lean times as number of Kenyan firms facing liquidation doubles
A company is deemed unable to pay its debts if it fails to pay a debt of Ksh100, 000 ($826.44) or more after 21 days of a written demand.
Source: theeastafrican.co.ke
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Court declares businessman bankrupt over millions owed to friends, shylocks
The High Court has granted a businessman’s wish to be declared bankrupt after proving that he cannot repay his debts running into millions of shillings.
Source: businessdailyafrica.com
Receiver managers turning hangmen for struggling firms
Government receiver Mark Gakuru said there are rising cases where company owners obtain court injunctions just to stall the process as they strip company assets during which litigation drags in...
Source: businessdailyafrica.com
Don't let your business kill you this year
A lot of Kenyans cringe at the idea of walking around with the ‘bankrupt’ tag.
Source: standardmedia.co.ke