In Australia, a Liquidation is the legal process of winding up a Company’s affairs and this applies to all Pty Ltd or Ltd Companies which have been incorporated under the Australian Corporations Act.
A Company liquidation is necessary when your Company is unable to pay all its creditors in full because it does not have sufficient funds or assets or if the Company is trading insolvently.
If your Company cannot pay its bills on time, is experiencing cash flow problems, has a history of trading losses, is unable to pay its Tax obligations or Superannuation Guarantee obligations then it’s definitely time to call us at The S&R Partners Group to discuss all your options.
Please remember we are not Bankruptcy Trustees or Liquidators who are sworn to protect the interest of creditors – we work for you, the Director, and our aim is to protect your interests and make sure that we achieve the best possible outcome for you and your Business.
In many instances Liquidation can be avoided so before you decide to appoint a Liquidator yourself give us a call to ensure your best interests are protected.
Call us on 1300 803 290 for a Free Consultation