Voluntary Administration Brisbane
Voluntary Administration Brisbane, Gold Coast, Ipswich
Voluntary Administration Brisbane is a legally required insolvency procedure that involves either a company’s director or a corporation’s secured creditor appointing a liquidator to investigate the company’s financial troubles.
We have a trusted team of qualified friendly advisors in Brisbane and surrounding locations such as the Gold Coast, Sunshine Coast, Ipswich, Redland City and Logan City who can handle this process for you.
Voluntary administrators investigate the operations of financially troubled companies. They decide whether the company will enter liquidation or be passed back to directors, and what action to take.
Voluntary Administration Process, What, When, Why?
Understand the entire process with Brisbane Debt Solutions
Either a liquidator or secured creditor can appoint an administrator and it is one of their duties to report to creditors about the progress of the administration and their likely opinions of the company.
Can’s and Cant’s – Voluntary Administration Brisbane illustrates the following:
- A court application cannot be submitted to put the company into liquidation;
- A creditor cannot get personal guarantee with out the courts consent, nor can they enforce their charge; and
- One cannot recover their property – Whether they are used or occupied by the company.
Following these measures can minimize the likelihood of financial problems for your enterprise and its stakeholders. Voluntary Administration Brisbane, Brisbane Debt Solutions helps protect you and your company from unnecessary complications and can help prevent any further issues you or your enterprise may encounter.
If you are thinking of putting your company into Voluntary Administration Brisbane, we have a team of liquidators, accountants, lawyers and advisers who can help you through the process. We will safeguard you, and your business.
We are located at 127 Creek Street, Brisbane and work all over Queensland. Our first consultation is free.