Pam is the sole member of a close corporation (PK Investments CC). Three years ago Pam decided to buy property as an investment. Wanting to protect the property from creditors and ring fence the rental income, Pam decided to buy the property in the name of PK Investments CC. Pam invested substantially in the upkeep of the property and recently received a very lucrative offer for the sale of the property which she, as sole member of PK Investments CC, decided to accept. However, before transfer of the house takes place, the buyer’s attorney informs Pam, that PK Investments CC has been deregistered and that the transfer of property cannot take place. Pam, unaware of such deregistration, is shocked and unsure of what she can do to remedy the situation.