With office locations throughout Australia including Adelaide, we are able to work alongside our clients in order to service their financial needs. For insolvency solutions and a free consultation contact us now via live chat, email, or phone on 1300 789 499. Alternatively visit us in person at 283 – 287, Sir Donald Bradman Drive, Brooklyn Park SA 5032
The liquidation process can be complex and confusing for those who are not familiar with it. Thankfully, our team at Australian Debt Solvers is made of qualified insolvency professionals including in-house liquidators. If you are facing financial challenges and are uncertain about the future of your business, a simple consultation can set you on the right path.
Our experience helping Adelaide businesses places us in the ideal position to quickly identify your financial restraints and determine the most appropriate course of action. It is important to note that acting quickly could provide you with additional options such as avoiding liquidation and building a strong future for your business. Speak to one of our knowledgeable and friendly team members today.
At Australian Debt Solvers we believe in building strong relationships with our clients. Our focus from the outset is to get a comprehensive understanding of your business to better recognise any challenges or issues. When combined with expert knowledge and experience, we are then able to advise accordingly.
Our attention to detail and uncompromising professional approach has made us one of the leading financial advisory firms in Australian. If you fear that your business is in financial trouble, it is time to seek an objective and professional opinion. We can help secure your financial future.
By providing a complete service, we have been able to help Adelaide businesses of all sizes and types. Our expert team members have been able to utilise their knowledge to help individuals, partnerships, SMEs, and large multinational companies. Australian Debt Solvers has extensive experience across all areas of insolvency with particular emphasis on the liquidation process. Our liquidation services include:
For a prosperous financial future, visit our Adelaide office and speak to one of our liquidation experts. Alternatively, access a range of online materials through our Liquidation Resource Centre. It includes liquidation case studies, practical tips, and answers to Liquidation FAQ.
Wind-up notices are typically served to companies that have failed to meet demands to pay creditors or the ATO. A court may wind-up a company if it fails to act within the nominated period. This emphasises the seriousness of the situation and the need to act immediately.
There are a number of options available to those who wish to continue trading. This includes paying the debt in full or entering into an agreed payment arrangement, both of which would see wind-up proceedings dismissed. Getting the appropriate legal and financial advice can prevent your business from being forced into liquidation.
Having a comprehensive understanding of liquidation will help you make better business decisions. Our complete guide to liquidation provides important information on:
Contact us today to explore potential alternative options prior to proceeding down the path of liquidation.
During the liquidation process employees are recognised as priority creditors. In terms of who gets pairs first when a company goes into liquidation, the priority order reads as follows:
Employees are entitled to unpaid wages, superannuation, annual leave, and retrenchment. An understanding of legal rights and obligations during the liquidation process ensures that the entitlements of all parties are fulfilled as best as possible.
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