My business is in trouble. Should I appoint a liquidator?
When a company director finds him or herself in an impossible financial position they are often given well-meaning advice from their accountant or financial advisor to appoint a liquidator this advice can unfortunately hurt them even further. Many people believe that because you are paying the liquidator they will look after your best interests and help you to get the business and you back on your feet. NOTHING IS FURTHER FROM THE TRUTH. A liquidators first priority in these circumstances is to themselves.
Business debt can come about very easily. A few slow months and all of a sudden the debt is a long way beyond the reach of the company owner. If you have company debts that are out of control then give us a call. At Liquidators Australia we are business debt specialists. For a completely free consultation call Liquidators Australia on 1300 795 575.
What is the best strategy when liquidating a company?
There is just one single key PREPARATION. If you simply prepare yourself before you hand over the control to a liquidator most of the stress can be handled in a way that will work for you not against you. Although this sounds simple there is an enormous amount of regulation and rules in place in this process, always get some advice about this. If you are not sure what you should do and just need some advice simply give us a call on 1300 795 575. Bankruptcy Experts Australia specialises in pre-liquidation strategies.
What if someone else is winding up my company?
No matter whether a liquidator is appointed by the courts or you appoint them voluntarily, there is a lot you need to know and do to protect yourself and your rights. Involve us. It is that simple. Generally you will receive a notice in the mail or a court order. If you have one of these give us a call on 1300 795 575. The longer you procrastinate the less options you have.