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The type of liquidation simply depends on your circumstances

There’s three different types of Liquidation for a business – it all depends on who initiates it
and what position your company is in at the time:

Creditors Voluntary Liquidation

A Creditors Voluntary Liquidation (CVL) is the solution to choose when the company is insolvent and is no longer viable. It’s simply agreed to by the Directors and Shareholders, with a Registered Liquidator being appointed to handle the affairs.

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Members Voluntary Liquidation

A Members Voluntary Liquidations (MVL) is where a company is trading solvent but the Directors and Shareholders wish to wind up the affairs of the company and deregister it. This is often the case in situations where the future might not be viable for the business; taking the smart option to wind it up before trouble hits.

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Provisional Liquidation

A Provisional Liquidation is where a Court has appointed a Liquidator to manage the affairs of a company if it’s believed that the assets of the company may be at risk of loss or being taken in some form. It’s not a permanent solution, just a safe one should a disagreement arise between directors.

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We’ll help you liquidate and step out of the mess

Sometimes no matter how hard you work or invest in your business, it can still go sideways. It can happen for a number of reasons, but regardless of why, we’re here to help you wind things up so you can get on with your life.

If your company is in a situation where you can’t pay the bills or you can see that there’s trouble coming soon, then liquidation is the best step forward.

It’s never a pleasant time but we’ll handle your liquidation with care and understanding.

For additional information, download our free e-book.

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Think Australian Debt Solvers Can Help You liquidate?

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Help for a Distraught Director and Accountant

Australian Debt Solvers were extremely competent and spent a great deal of time answering our questions. Everything was set out clearly and in a helpful manner with easy to understand instructions. Advice was given with the greatest consideration. I would strongly recommend them to anyone who needs help with company liquidation.

They answered every question we asked within a very short space of time. Nothing was too much trouble and they were very understanding – knowing how hard it is for a business to come to this decision.

I have told other Accountants about the great service they provide.

Jo

Keeping a profitable business, after the Court had appointed a Liquidator

We spoke to ADS after our company had already been wound up by the courts. We wanted the assets from the liquidated business, but didn’t know how to get them. We called Debt Solvers and they took care of everything….they got an “Authority to Act” from us, spoke to Deloittes who were the Liquidator, negotiated the sale of the assets, set up a new company for us…….and we are now going from strength to strength. Money was well spent with ADS!

Gary & Jo, UFIF Engineering

Turning around a company that owed too much to the Tax Office

Our company is a Medical recruitment agency with mostly Government based clients. We had a good sales forecast……but were heavily weighed down with debt, mostly from the ATO. I met with Debt Solvers….when I thought I was going to lose the business. They talked me through Voluntary Administration where you offer creditors a reduced amount, and you pay the reduced debt over 12 months – which is called a Deed of Company Arrangement. Our creditors agreed on the offer, and we have gone from strength to strength. ADS even organised a Debtor Finance company to assist with our cashflow at a reasonable rate. Considering I thought we were going to lose the business – an great result!

Shaun, Beat Medical

We’ve helped thousands of Australian Business Directors with the Lowest Price Liquidations in Australia!

Australian Debt Solvers takes up to 10 enquiries per day from Australian Companies that have debt issues. A lot of these have under $100,000 of unsecured debt, with no company assets, and simply need to close the company down. Debt Solvers does this for a fair price, efficiently and with empathy for the Director. It’s a service that has proven extremely useful for Directors, right across Australia.

A low cost Voluntary Administration service to get companies back on their feet

Australian Debt Solvers hears from a lot of Directors, where there company could be profitable and trading well, but they are being tied down by too much debt – of which the majority is usually the ATO. We have worked through with hundreds of companies – a Voluntary Administration – where we negotiate and reduced amount of debt to creditors over usually a 12-24 month period. This is called a Deed of Company Arrangement….and is an extremely effective method of assisting companies to “get back on their feet”. Debt Solvers charges a fair price through this process…….and it’s great to see a business go from strength to strength after this service.

Blows competition out of the water

Firstly Dave showed compassion when the other liquidator was very impersonal. Secondly Australian Debt Solvers are helpful – there was stuff Dave didn’t have to tell me as he is just dealing with our company not our personal affairs. However he answered all my questions which makes it easier and gives me a lot more confidence that we are not breaching rules as we wind down. Thirdly, the fee is so much cheaper than a traditional insolvency practice. So far I am very impressed with Australian Debt Solvers. I will post another review once we have completed the process.

Sandy Sue

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Thousands of businesses have turned to us for help

Australian Debt Solvers is a professional insolvency company that has worked with thousands of clients in all sorts of financial trouble. Unlike some other firms, we offer a complete ‘in-house’ service with our own Registered Liquidator.

Because of this (and the fact that we handle so many liquidations each year), we can keep your costs low. Don’t let another liquidator charge you tens of thousands of dollars in fees when we can quickly and efficiently liquidate your company for a considerably lower price.

If you are facing a difficult financial situation then talk to us.

We’ll give you professional advice about your options and put your mind at ease.

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OUR KEY CREDENTIALS

  • In-house ASIC Registered Liquidators, Administrators and Receivers
  • CPA and CA Qualified Accountants
  • ARITA (Restructuring & Turnaround Association) memberships in-house
  • Over 40 staff
  • Offices in Sydney, Melbourne, Perth, Brisbane and Gold Coast
  • One of Australia’s fastest growing insolvency firms
  • Dedicated enquiry team with 24/7 service
  • National legal network and expertise
  • Diverse funding and finance options if required
  • Rated 4.9 out of 5 on service review site Trust Pilot

We care about our customers

At Australian Debt Solvers we take feedback seriously and pride ourselves
on providing the best customer service possible