company liquidation

Business closures Australia - Is the Post-COVID apocalypse still coming?

When COVID first hit, businesses Australia-wide, understandably, freaked out. Will people stop buying? Will revenue dwindle? Will I have to lay off staff? Will I be able to pay my bills?

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Topics: Bankruptcy, Company Liquidation, Tax Debt, Director Advice, Turnaround & Restructuring, business restructuring, reduce business debt, company insolvency, business closures Australia, business viability, assessment tool, company turnaround, small business restructure, Liquidation

10 Common questions asked by worried directors, answered.

Making the right decisions for your business when you’re facing financial difficulty can be tough – especially when you’re being chased for payment, trying to get cash in, and feeling isolated and overwhelmed. Fear, uncertainty and questions abound.

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Topics: Bankruptcy, Company Liquidation, Personal Insolvency, Tax Debt, Director Advice, Turnaround & Restructuring, Business Debt, company insolvency, common questions

How is a Liquidator Remunerated?

Some operators sell “low-cost” liquidation without telling you how a Liquidator actually gets paid. Here’s the information you need to make the right decision.

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Topics: Company Liquidation, Business Debt, Liquidation

Deregister or Liquidate – Which is Best For You?

When a company stops trading, it is up to the director to deal with it correctly. Otherwise, it will sit dormant and accumulate fees. There are several ways to close your company. The best option depends on the current financial position of your company. For instance, is your company solvent or insolvent? Does it still have valuable assets? In this article, we run through the options, so you can make a decision whether to deregister or enter liquidation.

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Topics: Company Liquidation, Business Debt, Liquidation

The Consequences for Those Involved in a Liquidated Company

If your company is being liquidated, it can be a frightening process. You will see a company you value quickly dissolve, you won’t get to see your co-workers anymore, and you will have lost your income.

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Topics: Company Liquidation, Business Debt, Liquidation

Receivership, Voluntary Administration and Liquidation Explained

As a company director, you may have heard the terms Receivership, Voluntary Administration (Administration) and Liquidation. But do you know exactly what they mean and how they differ? These terms refer to the process generally called external administration. This involves an external professional being placed in control of a company in financial trouble and facing insolvency.

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Topics: Company Liquidation, Voluntary Administration, Business Debt

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