In this section, Australian Company Liquidations provides the latest news and tips in business insolvency and liquidations.
Why You Should Appoint a Liquidator Voluntarily
Why You Should Appoint a Liquidator Voluntarily When your company is insolvent, you have several options of how to proceed with a liquidation. There are necessary steps you must take into consideration to properly follow. One of these processes is finding a liquidator. Unless you prefer to have your liquidation planned by your creditors and ordered by the Court, you can choose your own liquidator. The option of appointing your own liquidator is only available if your creditors haven’t applied
READ MOREDoes company insolvency affect my credit rating?
As a director of a company that goes insolvent, you may think that it would have various impacts on your ability to obtain credit. Whilst there may some implications involving you if your company does go into liquidation, it’s not as bad as it may first appear. Below is some important information you should know before proceeding with a company liquidation. If you are a director of a company that becomes insolvent, a record of the company liquidation will be
READ MOREThe Role of Company Liquidators
Company liquidators are responsible for overseeing and conducting the entire process of liquidation. Their role is critical to ensuring the most cost-effective outcome for all parties involved. Liquidators are required to act in an independent and impartial manner whilst winding up the affairs of a company, as bias is regarded as a very serious matter by the courts. Company liquidators are responsible for the distribution of assets of the company, as well as any surplus monies, to the company’s creditors.
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CREDITOR VOLUNTARY
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