{"id":3730,"date":"2021-07-26T12:02:16","date_gmt":"2021-07-26T10:02:16","guid":{"rendered":"https:\/\/dotnewsconnect.co.za\/law\/?p=3730"},"modified":"2021-07-26T12:02:18","modified_gmt":"2021-07-26T10:02:18","slug":"directors-creditors-do-personal-suretyships-survive-business-rescue","status":"publish","type":"post","link":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/","title":{"rendered":"Directors, Creditors &#8211; Do Personal Suretyships Survive Business Rescue?"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cCreditors have better memories than debtors\u201d (Benjamin Franklin)<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">In these hard times of pandemic and economically destructive unrest, an unfortunate number of businesses face collapse, and many will opt for the \u201cfirst aid for companies\u201d option of business rescue.&nbsp; &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Creditors coming out of that process with a shortfall (only the luckiest creditors are likely to emerge with full settlement) will naturally look to any personal suretyships they hold to cover that shortfall.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recent SCA (Supreme Court of Appeal) decision has brought welcome clarity to the question of whether \u2013 and in what circumstances \u2013 such personal suretyships will survive the business rescue process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Both directors and creditors need to understand the outcome, and to act accordingly.<\/strong><\/p>\n\n\n\n<h6 class=\"wp-block-heading\">Sued for R6m, a CEO\u2019s defence crumbles<\/h6>\n\n\n\n<ul class=\"wp-block-list\"><li>A company CEO (Chief Executive Officer) signed a personal suretyship in favour of a creditor supplying the company with petroleum products.\u00a0\u00a0<\/li><li>When the company fell upon hard times it was placed into business rescue. Eventually a business rescue plan was adopted, the rescue process was terminated, and the creditor sued the CEO for the shortfall on its claim of just over R6m.\u00a0 \u00a0<\/li><li>The CEO\u2019s main defence was that his liability as surety was an \u201caccessory obligation\u201d \u2013 in other words, if the creditor\u2019s claim against the principal debtor (the company) fell away, he should be released from his liability as surety.\u00a0\u00a0<\/li><li>But, held the Court, although a principal debtor\u2019s discharge from liability does indeed ordinarily release the surety, our law allows the creditor and the surety to agree otherwise.\u00a0 \u00a0<\/li><li>And the suretyship agreement in this case did just that. It contained \u201cunobjectionable\u201d and \u201cstandard\u201d terms which included a specific agreement by the surety that he would remain liable even if the creditor \u201ccompounded with\u201d the company by accepting a reduced amount in settlement of its claim. Nor was there any mention in the business rescue plan of its effect on creditor claims against sureties (it could, for example, have provided specifically for sureties to remain on the hook, or to be released). But the deciding factor remained that the wording of the suretyship was such that the creditor did not abandon its claim against the surety by supporting the business rescue plan.\u00a0\u00a0<\/li><li>Bottom line \u2013 the CEO goes down over R6m, and the creditor has another shot at emerging unscathed from the mess.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Heed these lessons from the judgment!<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The SCA in its judgment undertook a comprehensive interpretation of the terms of the deed of suretyship, of the business rescue plan, and of the relevant legislation. Although the detail will be of more interest to lawyers and academics than it will be to the average director or creditor, it did bring welcome clarity to an issue of great practical importance, and the valuable lessons therein should be heeded &#8211;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Directors:&nbsp;<\/strong>As always, think twice before signing any personal suretyship, and if you absolutely have no alternative, at least understand fully what you are letting yourself in for both legally and practically. Equally, ensure that the business rescue plan lets you fully off the hook as regards any possible personal liability; you may be advised to go further and have a separate release agreement with any creditor\/s holding your surety. Although not directly relevant to this article, think also of managing any risk of personal liability beyond suretyship, such as allegations of reckless trading and the like.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Creditors:<\/strong>&nbsp;You on the other hand should always try for watertight and upfront suretyships from directors and others with attachable assets (again not directly relevant to this article, but also take whatever security you can over company assets such as debtors, fixed property etc). And when it comes to the business rescue plan, make sure that it leaves your claim against sureties unaffected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Upfront professional advice and assistance is a real no-brainer here!<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong>&nbsp;The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\">\u00a9 LawDotNews<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cCreditors have better memories than debtors\u201d (Benjamin Franklin) In these hard times of pandemic and economically destructive unrest, an unfortunate number of businesses face collapse, and many will opt for the \u201cfirst aid for companies\u201d option of business rescue.&nbsp; &nbsp; Creditors coming out of that process with a shortfall (only the luckiest creditors are likely [&hellip;]<\/p>\n","protected":false},"author":101014,"featured_media":3731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[21,24,13],"tags":[],"class_list":["post-3730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-corporate-compliance","category-insolvency-liquidation-business-rescue","category-litigation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Directors, Creditors - Do Personal Suretyships Survive Business Rescue? &#8226; LawDotNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Directors, Creditors - Do Personal Suretyships Survive Business Rescue? &#8226; LawDotNews\" \/>\n<meta property=\"og:description\" content=\"\u201cCreditors have better memories than debtors\u201d (Benjamin Franklin) In these hard times of pandemic and economically destructive unrest, an unfortunate number of businesses face collapse, and many will opt for the \u201cfirst aid for companies\u201d option of business rescue.&nbsp; &nbsp; Creditors coming out of that process with a shortfall (only the luckiest creditors are likely [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/\" \/>\n<meta property=\"og:site_name\" content=\"LawDotNews\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/dotnewscoza\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-26T10:02:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-26T10:02:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2021\/07\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"650\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"LawDotNews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dotnewstweets\" \/>\n<meta name=\"twitter:site\" content=\"@dotnewstweets\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LawDotNews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/\"},\"author\":{\"name\":\"LawDotNews\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#\\\/schema\\\/person\\\/1ca6b5523156abce6e7e446cf033d72c\"},\"headline\":\"Directors, Creditors &#8211; Do Personal Suretyships Survive Business Rescue?\",\"datePublished\":\"2021-07-26T10:02:16+00:00\",\"dateModified\":\"2021-07-26T10:02:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/\"},\"wordCount\":700,\"publisher\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/07\\\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg\",\"articleSection\":[\"Company \\\/ Corporate \\\/ Compliance\",\"Insolvency \\\/ Liquidation \\\/ Business Rescue\",\"Litigation\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/\",\"url\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/\",\"name\":\"Directors, Creditors - Do Personal Suretyships Survive Business Rescue? &#8226; LawDotNews\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/07\\\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg\",\"datePublished\":\"2021-07-26T10:02:16+00:00\",\"dateModified\":\"2021-07-26T10:02:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#breadcrumb\"},\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#primaryimage\",\"url\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/07\\\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg\",\"contentUrl\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/07\\\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg\",\"width\":650,\"height\":300,\"caption\":\"Businessman in business suit walking up steps, while the hand of other man helping him in a conceptual image of insurance, assistance and support.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/2021\\\/directors-creditors-do-personal-suretyships-survive-business-rescue\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Directors, Creditors &#8211; Do Personal Suretyships Survive Business Rescue?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#website\",\"url\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/\",\"name\":\"LawDotNews\",\"description\":\"Direct to You Target Market!\",\"publisher\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-ZA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#organization\",\"name\":\"LawDotNews\",\"url\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2016\\\/10\\\/green_3d_target.png\",\"contentUrl\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2016\\\/10\\\/green_3d_target.png\",\"width\":350,\"height\":303,\"caption\":\"LawDotNews\"},\"image\":{\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/dotnewscoza\",\"https:\\\/\\\/x.com\\\/dotnewstweets\",\"http:\\\/\\\/www.linkedin.com\\\/company\\\/dotnews\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/#\\\/schema\\\/person\\\/1ca6b5523156abce6e7e446cf033d72c\",\"name\":\"LawDotNews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-ZA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6351bc7854ae7614e8bf3ba2724d57b882c81ee6e06e5ad081f3281760894d91?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6351bc7854ae7614e8bf3ba2724d57b882c81ee6e06e5ad081f3281760894d91?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6351bc7854ae7614e8bf3ba2724d57b882c81ee6e06e5ad081f3281760894d91?s=96&d=mm&r=g\",\"caption\":\"LawDotNews\"},\"description\":\"The LawDotNews client newsletter was started in 2005 to provide law firms with a highly professional, effective, low effort, low cost marketing service in the form of the LawDotNews client newsletter. Grow your practice with regular, quality communication! For the cost of a business lunch, imprint your firm\u2019s name in the minds of your best clients and prospective clients!\",\"sameAs\":[\"http:\\\/\\\/www.lawdotnews.co.za\"],\"url\":\"https:\\\/\\\/dotnewsconnect.co.za\\\/law\\\/author\\\/lawdotnews\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Directors, Creditors - Do Personal Suretyships Survive Business Rescue? &#8226; LawDotNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/","og_locale":"en_US","og_type":"article","og_title":"Directors, Creditors - Do Personal Suretyships Survive Business Rescue? &#8226; LawDotNews","og_description":"\u201cCreditors have better memories than debtors\u201d (Benjamin Franklin) In these hard times of pandemic and economically destructive unrest, an unfortunate number of businesses face collapse, and many will opt for the \u201cfirst aid for companies\u201d option of business rescue.&nbsp; &nbsp; Creditors coming out of that process with a shortfall (only the luckiest creditors are likely [&hellip;]","og_url":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/","og_site_name":"LawDotNews","article_publisher":"https:\/\/www.facebook.com\/dotnewscoza","article_published_time":"2021-07-26T10:02:16+00:00","article_modified_time":"2021-07-26T10:02:18+00:00","og_image":[{"width":650,"height":300,"url":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2021\/07\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg","type":"image\/jpeg"}],"author":"LawDotNews","twitter_card":"summary_large_image","twitter_creator":"@dotnewstweets","twitter_site":"@dotnewstweets","twitter_misc":{"Written by":"LawDotNews","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#article","isPartOf":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/"},"author":{"name":"LawDotNews","@id":"https:\/\/dotnewsconnect.co.za\/law\/#\/schema\/person\/1ca6b5523156abce6e7e446cf033d72c"},"headline":"Directors, Creditors &#8211; Do Personal Suretyships Survive Business Rescue?","datePublished":"2021-07-26T10:02:16+00:00","dateModified":"2021-07-26T10:02:18+00:00","mainEntityOfPage":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/"},"wordCount":700,"publisher":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/#organization"},"image":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#primaryimage"},"thumbnailUrl":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2021\/07\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg","articleSection":["Company \/ Corporate \/ Compliance","Insolvency \/ Liquidation \/ Business Rescue","Litigation"],"inLanguage":"en-ZA"},{"@type":"WebPage","@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/","url":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/","name":"Directors, Creditors - Do Personal Suretyships Survive Business Rescue? &#8226; LawDotNews","isPartOf":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#primaryimage"},"image":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#primaryimage"},"thumbnailUrl":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2021\/07\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg","datePublished":"2021-07-26T10:02:16+00:00","dateModified":"2021-07-26T10:02:18+00:00","breadcrumb":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#breadcrumb"},"inLanguage":"en-ZA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/"]}]},{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#primaryimage","url":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2021\/07\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg","contentUrl":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2021\/07\/26ff83c1-36e2-418f-883e-01592ebb7bc5.jpg","width":650,"height":300,"caption":"Businessman in business suit walking up steps, while the hand of other man helping him in a conceptual image of insurance, assistance and support."},{"@type":"BreadcrumbList","@id":"https:\/\/dotnewsconnect.co.za\/law\/2021\/directors-creditors-do-personal-suretyships-survive-business-rescue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dotnewsconnect.co.za\/law\/"},{"@type":"ListItem","position":2,"name":"Directors, Creditors &#8211; Do Personal Suretyships Survive Business Rescue?"}]},{"@type":"WebSite","@id":"https:\/\/dotnewsconnect.co.za\/law\/#website","url":"https:\/\/dotnewsconnect.co.za\/law\/","name":"LawDotNews","description":"Direct to You Target Market!","publisher":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dotnewsconnect.co.za\/law\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-ZA"},{"@type":"Organization","@id":"https:\/\/dotnewsconnect.co.za\/law\/#organization","name":"LawDotNews","url":"https:\/\/dotnewsconnect.co.za\/law\/","logo":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/dotnewsconnect.co.za\/law\/#\/schema\/logo\/image\/","url":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2016\/10\/green_3d_target.png","contentUrl":"https:\/\/dotnewsconnect.co.za\/law\/wp-content\/uploads\/sites\/2\/2016\/10\/green_3d_target.png","width":350,"height":303,"caption":"LawDotNews"},"image":{"@id":"https:\/\/dotnewsconnect.co.za\/law\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/dotnewscoza","https:\/\/x.com\/dotnewstweets","http:\/\/www.linkedin.com\/company\/dotnews"]},{"@type":"Person","@id":"https:\/\/dotnewsconnect.co.za\/law\/#\/schema\/person\/1ca6b5523156abce6e7e446cf033d72c","name":"LawDotNews","image":{"@type":"ImageObject","inLanguage":"en-ZA","@id":"https:\/\/secure.gravatar.com\/avatar\/6351bc7854ae7614e8bf3ba2724d57b882c81ee6e06e5ad081f3281760894d91?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6351bc7854ae7614e8bf3ba2724d57b882c81ee6e06e5ad081f3281760894d91?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6351bc7854ae7614e8bf3ba2724d57b882c81ee6e06e5ad081f3281760894d91?s=96&d=mm&r=g","caption":"LawDotNews"},"description":"The LawDotNews client newsletter was started in 2005 to provide law firms with a highly professional, effective, low effort, low cost marketing service in the form of the LawDotNews client newsletter. Grow your practice with regular, quality communication! For the cost of a business lunch, imprint your firm\u2019s name in the minds of your best clients and prospective clients!","sameAs":["http:\/\/www.lawdotnews.co.za"],"url":"https:\/\/dotnewsconnect.co.za\/law\/author\/lawdotnews\/"}]}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"LawDotNews","distributor_original_site_url":"https:\/\/dotnewsconnect.co.za\/law","push-errors":false,"_links":{"self":[{"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/posts\/3730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/users\/101014"}],"replies":[{"embeddable":true,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/comments?post=3730"}],"version-history":[{"count":1,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/posts\/3730\/revisions"}],"predecessor-version":[{"id":3732,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/posts\/3730\/revisions\/3732"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/media\/3731"}],"wp:attachment":[{"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/media?parent=3730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/categories?post=3730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dotnewsconnect.co.za\/law\/wp-json\/wp\/v2\/tags?post=3730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}