Business Liquidation Resource Centre

Australian Debt Solvers provides regular updates and articles written by industry professionals in our resource centre

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The word liquidation can strike fear into most people and many are completely unaware of both their options and obligations. That is why it is essential to seek expert advice from a licensed liquidator registered by ASIC. At Australian Debt Solvers we have in-house liquidators registered by ASIC. Outside of hands-on professional advice, our team has collated research material for businesses and individuals who may be experiencing challenging times. This includes case studies and best practise examples that outline the process of liquidation and potential alternative options. We also provide the latest research and commentary on legislative changes and current economic climate.

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Busting 8 of the Most Common Liquidation Myths

Liquidation is the winding up of your business with assets sold to pay creditors. While it’s a final option for shutting down the business, for struggling businesses this step can come as relief.

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The Difference Between Receivership, Administration and Liquidation

There are significant differences between each of these concepts and they have different consequences for creditors of the company and other related parties.

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First Steps to Liquidate your Business

Liquidation can be an option for companies experiencing financial difficulty, and it may be the last resort for companies that need to be wound up.

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Who Gets Paid First When a Company Goes into Liquidation?

During liquidation one of the key issues for both the liquidator and concerned parties is what will happen to proceeds, and the order of priority of debt.

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How Does Tax Debt Apply To A Company In Liquidation?

Liquidation involves the orderly winding up of your company, and distribution of assets to creditors and shareholders.

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How Soon After a Wind-Up Notice Do You Have to Cease Trading?

Companies that have trouble meeting their tax obligations, or other debts, may receive a notice to wind-up from creditors or the ATO.