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A Guide For Winding Up Your Company

So you’ve read up on how to choose the right Liquidator, spoken to one, and determined that liquidation is the best option for your company. What happens next?

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Topics: Company Liquidation, Business Debt, Liquidation

How to Choose the Right Liquidator

So why would you risk hiring an unqualified Insolvency Expert or Liquidator? Some faceless operators try to sell liquidations to vulnerable people by charging a fee for unqualified (and usually poor) advice, then paying some Liquidator a portion of that fee to do the actual liquidation.

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Topics: Company Liquidation, Business Debt, Liquidation

Suspect Your Company is Trading Insolvent? 6 Steps to Take

If your company is experiencing a cash flow or liquidity crisis, you need to consider whether it can still pay its debts when they become due. If it can’t, then your company may be insolvent.

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Topics: Director Advice, Business Debt, Insolvency, Liquidation

Director Penalty and Garnishee Notices

The ATO holds a special suite of powers beyond the usual debt recovery strategies that sets them above the usual creditor.

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Topics: Tax Debt, Director Advice, Business Debt

Directors' Duties and How to Avoid Insolvent Trading

Your duties as director are usually to your shareholders. However, if your company is insolvent (or may be insolvent in the near future) those duties expand to include creditors such as trade creditors, the Australian Tax Office (ATO), banks and employees.

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Topics: Director Advice, Business Debt