Top 5 Things You May Be Liable For When A Company Is Liquidated with David Hill

  • May 21st, 2018
  • David Hill
  1. If the business owns a vehicle or equipment, which still has finance, it’s likely that there will be personal guarantees, and therefore, again, you will be liable for any shortfall.
  2. If you have a bank loan, credit cards, an overdraft, a Prosper loan, these are all normally personally guaranteed, and therefore, you will be liable for any shortfall.
  3. If there’s a Director’s loan, i.e., you owe the company money, then this loan will be chased by the liquidator as you are a debtor of the company.
  4. Depending on your lodgements to the ATO for BAS, you may be liable for unpaid superannuation and PAYG.

So, please make contact with us today. We’d love to be able to help.

We care about our customers

At Australian Debt solvers we take feedback seriously and pride ourselves on providing the best customer services possible
Google Review

Rated 5 out of 5