Australian Company Liquidations (ACL) are the leading experts in company liquidations. Experienced professionals in the field, ACL focuses solely on liquidation, which has allowed us to perfect our efficiency, effectiveness and customer service to ensure that your company’s liquidation case is carried out as smoothly as possible.

Here at ACL, we understanding your liquidation options may prove to be a difficult task. That is why we have done the hard work for you, breaking down the various types of company liquidation so that you may better understand select your best-suited option.

What is Liquidation?

Company liquidation is the formal process of officially ceasing a company’s operations and oversee the liquidation process.

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Voluntary Liquidation

Voluntary liquidation occurs when a company willingly decides to place its company into liquidation. Choosing to liquidate presents the company directors with some advantages, including the ability to choose the liquidator who manages your case rather than being appointed one by another interested party. A voluntary liquidation requires a decision to be made, and then its shareholders.

Members Voluntary Liquidation

A Members Voluntary Liquidation (MVL) is the formal method for winding up a company that is still solvent. An MVL requires that the company is able to pay all of its debts in full and that all of its tax lodgements are up to date.

Creditors Voluntary Liquidation

If your company is insolvent, then it needs a Creditors Voluntary Liquidation (CVL), which is the official name for the voluntary liquidation of an insolvent company (as described above). Although the name suggests that it is the company’s creditors who instigate the liquidation process, it is actually initiated by a resolution of the company’s directors and shareholders.

Official Liquidation

Sometimes referred to as a Court Liquidation, an Official Liquidation takes place when a company is taken to court and its assets disposed of by a liquidator of the creditor/s’ choosing.

Provisional Liquidation

In urgent cases involving assets that may be at risk, an applicant can go to the Courts and assess the position of the company; they will then recommend an appropriate outcome or resolution to the Court.

For more information on the various methods of company liquidation, or for further advice on the available options for your insolvent company, contact our 24 hour a day, 7 days a week liquidation hotline on 1800 981 070.

Despite the negative stigma surrounding company insolvency, it is not an uncommon occurrence, and can be handled quite effectively if placed in the hands of the right experts.

The company insolvency experts at Australian Company Liquidations (ACL) can assist you by conducting a thorough company insolvency assessment to determine whether voluntary company liquidation is necessary. A professional and independent company insolvency assessment is a critical process to undertake, as many company directors can become blinded by their financial pressures and unable to see the reality of their financial situation. Another risk
is that a director might place themselves and their company in further jeopardy by continuing to trade whilst insolvent.

After the company insolvency assessment establishes that your company is in fact insolvent, the next step is to decide upon a solution. The recommended course of action for an insolvent company is to voluntarily enter into liquidation, which is known as a Creditors’ Voluntary Liquidation.

Many directors find that the effect of placing their insolvent company into liquidation is like the release of a pressure valve. Once the insolvent company is liquidated, a director is free to move on with his/her life after a long, stressful battle with insolvency. A Registered Liquidator is appointed to the case and will manage all financial affairs and creditor enquiries.

When dealing with the stress of company insolvency it can be easy to make the mistake of placing your difficult situation into the wrong hands. Many corporate insolvency practitioners can be quite pricey, and they do not always act with the company’s best interests in mind. However, here at ACL, we understand the financial pressure that you are already feeling, and won’t push your company into further debt by asking for exorbitant and ongoing service
fees. Instead, ACL asks the company director for a one-off, fixed contribution to the liquidation process. The director will not be asked to pay more into their company insolvency case further down the track.

Call ACL And Find Out Whether You Are Insolvent.

Place Company In Liquidation

DEBT FREE!!!

If you are struggling with company insolvency and have spoken to other registered liquidators, call us before making your final decision. We will beat any written quote for fees from a registered company liquidator! You will also have peace of mind knowing that ACL will handle your company’s insolvency case with ease and sensitivity, and will continue to manage it through to its completion.

We are always available for advice by way of a free company insolvency hotline. Call ACL today on 1800 981 070 to help your company take the next step toward a debt and stress free future.