Benefits of Business Liquidation
There are several benefits to business liquidation, including:
- Get Out of Debt: One of the biggest benefits of business liquidation is that it can help you get out of debt. If your company is struggling to make repayments, liquidating its assets can help you pay off your debts and get a fresh start.
- Avoid Bankruptcy: Another benefit of business liquidation is that it can help you avoid bankruptcy. If your company is facing bankruptcy, liquidating its assets can help you pay off your debts and avoid a blemish on your financial record.
- Get a Fresh Start: Business liquidation can also help you get a fresh start. If your company is struggling, liquidating its assets can give you the opportunity to start again with a clean slate.
- Save Your Personal Assets: Business liquidation can also help you save your personal assets. If your company is facing bankruptcy, liquidating its assets can help you pay off your debts and avoid having your assets seized.
- Protect Your Employees: Business liquidation can also help you protect your employees. If your company is facing bankruptcy, liquidating its assets can help you pay off your debts and avoid having your employees laid off.
Why Choose Us For Business Liquidation?
At Brisbane Debt Solutions, we understand the challenges of business liquidation. We can help you navigate the process and ensure that you get the best possible outcome for your company.
We have a team of experienced professionals who can help you assess your options and make the best decision for your company. We can also help you negotiate with creditors and make sure that you get the best possible terms.
Here are some of the reasons why you should choose us:
- Experience: We have a team of experienced professionals who have helped companies in a variety of industries with their business liquidation needs.
- Personalised Service: We offer a personalised service to each of our clients. We will take the time to understand your unique situation and tailor our services to meet your needs.
- Comprehensive Solution: We provide a comprehensive solution to business liquidation. We can help you assess your options, negotiate with creditors, and make sure that you get the best possible outcome for your company.
Don’t let financial difficulties ruin your business. If you are considering business liquidation, contact us today to find out how we can help!
Our Professional Approach to Business Liquidation
Brisbane Debt Solutions works with a number of associated professionals to tidy up loose ends before an individual or company goes into insolvency, and work with them through the process.
For companies the following areas that are of most concern:
- Arrange administrator / liquidator – someone that we have a good working relationship with
- Will we still have a business – often companies can be completely restructured with assets valued and sold off to the new structure
- Personal guarantees – will they lead to personal insolvency of the Directors
- PAYG and Superannuation – in the last 12 months I have noticed that companies who are experiencing financial difficulties have treated these with a lot more respect and the amounts owing are not insurmountable
- Assets of the company including furniture and fittings – depreciation schedules
- Clarify debtors ledgers and arrange collection
- Company leases
- Staff arrangements including pay and FEG (GEERS)
- Directors loans to the company
- Directors borrowings from the company
- Creditors and Debtors of family and friends
- Motor vehicles and other assets
- Director credit reports
- Financial accounts
- Company tax debt
- Arrangements with the ATO
Dont leave it too late – the sooner the better – call us today!
Business Liquidation FAQ’s
What is business liquidation, and how can Brisbane Debt Solutions assist in this matter?
Business liquidation is the process of winding up a company’s affairs and selling its assets to pay off creditors. Brisbane Debt Solutions can provide expert advice and assistance to business owners who may be considering liquidation as an option, including assessing the company’s financial position, developing a liquidation plan, and managing the liquidation process.
What are the consequences of business liquidation in Brisbane?
Business liquidation can have significant financial and legal consequences for business owners, including potential loss of assets, personal liability for company debts, and disqualification from managing companies in the future. Brisbane Debt Solutions can help business owners understand the potential consequences of liquidation and develop strategies to minimise these risks.
How can Brisbane Debt Solutions help to avoid business liquidation in Brisbane?
Brisbane Debt Solutions can provide advice and assistance to business owners to help them avoid the need for liquidation. This can include developing a plan to address any financial issues, negotiating with creditors to restructure debts, and exploring alternative options such as voluntary administration or debt consolidation. By taking proactive steps, business owners can avoid the need for liquidation and potentially costly consequences.