In this section, Australian Company Liquidations provides the latest news and tips in business insolvency and liquidations.

What Happens to Proceeds When a Company Enters Liquidation?

What Happens to Proceeds When a Company Enters Liquidation? For creditors and the liquidator, one of the key concerns is what will happen to the money and the order of priority the debt is paid. If you are a creditor of a company entering into liquidation, you will be monitoring the process to ensure that you are receiving all payments owed. If you are a director, you will be aware that the liquidator can assist you distribute the proceeds. Liquidation:

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New Small Business Insolvency Reforms from 1 January 2021

New Small Business Insolvency Reforms from 1 January 2021 On 24 September 2020, the Treasurer announced the largest insolvency reform in 30 years for small businesses. The legislation — Corporations Amendment (Corporate Insolvency Reforms) Act 2020 (Cth), was recently passed by Parliament and came into effect on 1 January 2021. The legislation had three main components: 1. Small Business Restructuring; 2. Simplified Liquidation for Small Businesses; and 3. Further Measures. In brief, Small Business Restructuring was introduced to help eligible

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Cheapest Liquidation Company in Sydney

Australian Company Liquidations (ACL) is a fully licensed and highly reputable liquidation company with a head office in Sydney. Our specialists are all registered with the Australian Securities and Investments Commission, so you can rest assured knowing that your case is being handled by experts in the field. We are not unlicensed brokers who will refer your case to external third parties to complete the liquidation.   LICENSED LIQUIDATIONS FROM $3,500*! ACL is the most affordable liquidation company in Sydney.

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