If I Liquidate, Will I Be Able To Get Finance In The Future?November 4th, 2016
“If I Liquidate, Will I Be Able To Get Finance In The Future?”
Well the short answer is yes, dependent on your financial circumstances at the point of your finance application.
When you’re a director of a liquidated company, that does go onto the ASIC file and that’s then pulled down onto credit files, such as Dun & Bradstreet and Veda. Therefore, this is flagged on your personal credit file.
So if you are applying for finance, you will be asked what happened. It’s normally not a deal breaker, but more of a please explain. So be aware that you will need to explain what happened during the liquidation.
In some circumstances, you may need to go to a less risk averse lender, which may cost a little more but you should still be able to get finance. Of course, obtaining finance is dependent on your specific financial circumstances, so please contact us and we can talk you through how to move forward from here.
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