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Top 5 Things To Know About Liquidation with David Hill

May 22nd, 2018

  1. 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.
  2. You can be a director of another business if you liquidate your current business.
  3. If you don’t take action and organise the business’s financial affairs, a creditor can appoint a liquidator through a court windup process.
  4. 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.
  5. 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 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.

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