Top 5 Things To Know About Liquidation with David HillMay 22nd, 2018
- If your business is insolvent, i.e. can’t pay its debt when they are due and payable, then you should be looking at Voluntary Liquidation or Administration of the business.
- You can be a director of another business if you liquidate your current business.
- If you don’t take action and organise the business’s financial affairs, a creditor can appoint a liquidator through a court windup process.
- When you liquidate a business, it does go on your credit file. You may still be able to get financed, but it will depend on your financial circumstances.
- You may be pursued for insolvent trading by the liquidator, so it’s always best to appoint a liquidator voluntarily rather than be wound up through the courts.
So please make contact with us today. We’d love to help you find a solution.
If Your Business Finances Are Out Of Control, We Can Help.
Call us on 1300 905 107 or Click Here For More Information.
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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.
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