Company Liquidation Packages are available in Brisbane Now!
At Brisbane Debt Solutions, our team of the professional practised business advisors provide you with a free consultation to understand the nature of your business and associated insolvency. We ensure that we plan out customised end to end Financial Solutions designed as per the specific requirements of your business.
There are two types of liquidation:
- Creditors Voluntary Liquidation: This is an insolvency process when the company Members consider that company is insolvent or likely to be insolvent when it no longer can pay off its debts when they are due.
- Court Liquidation: Official Liquidation, also referred to as “Court Liquidation”, is a Judicial appointment made by the court. The winding up is triggered by the court as per The notice by Creditors, directors, shareholders or ASIC. Once the proceedings commence the Creditors cannot take any legal action against the company until they have the consent approval from the court.
Are you thinking about a Company Liquidation Package to suit you? Contact Brisbane Debt Solutions today on 1300 88 70 93, or fill out our contact form and one of our friendly staff will be in touch with you.
Company Liquidation FAQ’s
What is company liquidation, and how can Brisbane Debt Solutions help in this process?
Company liquidation is a formal insolvency process that involves winding up a company’s affairs and selling its assets to repay its debts. Brisbane Debt Solutions can provide experienced company liquidation services to manage the liquidation process, appoint a liquidator, prepare reports for creditors and shareholders, and distribute the proceeds to creditors.
What are the consequences of company liquidation for directors and shareholders?
Directors may be personally liable for the company’s debts in certain circumstances, and shareholders may receive only a portion of the amount owed to them. However, company liquidation can provide a mechanism for the company to wind up its affairs and for creditors to receive a return on their debts. Brisbane Debt Solutions can provide advice on managing the consequences of company liquidation for directors and shareholders.
How does company liquidation differ from voluntary administration in Brisbane?
Company liquidation involves the sale of a company’s assets and distribution of the proceeds to creditors, while voluntary administration involves the appointment of an administrator to manage a company’s affairs and develop a plan for its future. Brisbane Debt Solutions can provide advice on the most appropriate option for a company’s situation and assist with the preparation and lodgment of relevant forms.