02 8324 7463

Am I going bankrupt when I liquidate my company?

November 25th, 2015

Am I going bankrupt when I liquidate my company?

A lot of people get confused between company liquidation and bankruptcy.

When you liquidate a company, there should be no reason for you to go personally bankrupt – unless you have significant personal liability/debts, and even then bankruptcy is usually a last resort.

Company liquidation is by definition about your company and not your personal assets.

You as the Director are protected by Company Law – and have limited liability for its debts – hence the Pty LTD.

So the short answer is NO – you are not going bankrupt when you liquidate your company business.

Do call us for specific advice on your situation and your options.

Get Free Expert Advice Now

Regardless of what you’re currently facing, the first step is to discuss your situation with a qualified expert today, so you can make the right decisions moving forward. But don’t delay. The faster you act on your own behalf and take charge of the situation, the better your outcome could be. It’s FREE to talk with us, so why wait?

Click here to contact us or call us now on 1300 789 499.

If Your Business Finances Are Out Of Control, We Can Help.
Call us on 1300 905 107 or Click Here For More Information.

The following two tabs change content below.
David Hill
David has over 15 years in the insolvency industry – advising clients through restructuring of their business. His clear, “straight up” style provides clients with a strong direction of what they need to do, and how the process will work. As importantly, he brings empathy to the process – which is essential at a “high-stress” time for clients.

Popular Posts

We care about our customers

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