Liquidation
Liquidation
Wondering whether Liquidation is the right call for your business, or what actually happens if it is? Liquidation means winding up a company, but which type applies depends entirely on your situation.
If your company is insolvent, a Creditors' Voluntary Liquidation is usually the relevant path. If it's solvent and you simply want to close it down, a Members' Voluntary Liquidation applies instead.
Explore case studies and insights on what liquidation looks like in practice, what happens to directors and employees along the way, and what to expect at each stage, from the initial resolution through to deregistration.
Liquidation isn't always the end of the road for a director. In many cases, directors are released from personal liability for company debts once the process is finalised, provided there's been no misconduct or insolvent trading, and can go on to run other businesses.
If you're weighing up liquidation for your business, or want to understand what a creditor-forced liquidation could mean for you, speak to our experts for clear, confidential advice on your options.
How Much Does it Cost to Liquidate a Company
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What is Creditors’ Voluntary Liquidation?
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Who Gets Paid First When a Company Goes into Liquidation?
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What Happens to Employees When a Company Goes into Liquidation?
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Liquidation vs. Bankruptcy in Australia
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How a Small Business Restructure Helped a Perth Pub Avoid Liquidation
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Simplified Liquidation
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What Is the Meaning of Liquidation?
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Appointing an Administrator vs. Liquidation: Which is Right for Your Business?
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What is Members’ Voluntary Liquidation?
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How Provisional Liquidation Can Protect You in a Dispute
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How to Check if a Company is in Liquidation
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What Are Liquidated Assets?
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How Does Tax Debt Apply to a Company in Liquidation?
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Director Responsibilities and Company Liquidation
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The Difference Between Receivership, Administration and Liquidation
... Continue reading The Difference Between Receivership, Administration and Liquidation
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Business Liquidation – What does it mean?
Many people are surprised to discover that even profitable, thriving businesses may choose to enter liquidation. But what does it actually mean when a business goes into liquidation and why would a thriving business choose this as their path?... Continue reading Business Liquidation – What does it mean?
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How to Avoid Company Bankruptcy or Liquidation
Sometimes, a company bankruptcy or liquidation is simply inevitable. Perhaps the company had a product that exploded in popularity, only to prove to be a fad, and it struggled to find the next new thing to move to. Perhaps a downward turn in the macro economy meant belt-tightening hit the company’s sector hard, and it wasn’t able to pay the bills. Company bankruptcy is... Continue reading How to Avoid Company Bankruptcy or Liquidation
Read MoreUnderstanding your options
Whether creditors' voluntary or court-ordered, liquidation follows a defined process: assets are realised, creditors are paid in priority order, and the company is deregistered. Meeting your directors' duties early reduces personal risk. Our liquidation specialists can explain exactly what to expect.
How to Thrive
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