Company Liquidation Brisbane

According to the law, a company is insolvent when it cannot pay its debts. It is illegal to operate a company that is insolvent or continue to trade and make purchases from creditors. Company Liquidation goes through a process called “Winding up”. During this process assets are sold or auctioned to recoup some of the monies owed, which could help pay creditors.

Company Liquidation Brisbane - a team of people who understand

In this event, A Liquidator is appointed who will then take control of company related affairs. He/she then attempts to pay out its creditors in a fair manner. This is an area that we specialise in and can assist you throughout the entire process.

WE ARE HERE TO HELP!

Safeguard Insolvency works closely with a number of professionals to help clean up loose ends before an individual or company goes into liquidation. We work with you through this process and take a lot of stress away from you so you can focus on the things that matter like trying to make more sales, organise a new marketing strategy or find a buyer for your company that can help take it to the next level.

There are concerning areas one must look into before going into liquidation:

  • Organize administrator / liquidator
  • Is a business still there – often companies can be restructured, this involves assets being valued and sold off to new company
  • Personal securities
  • Superannuation and PAYG
  • Possessions of the company including office furniture and fittings – asset depreciation schedules
  • Refine debtors ledgers and arrange collections
  • Business leases
  • Staff arrangements including pay and FEG (GEERS)
  • Directors loans to the company
  • Directors borrowings from the company
  • Creditors and Debtors of friends and family
  • Cars and other assets
  • Director credit reports
  • Financial accounts
  • Company tax debt
  • Arrangements with the Australian Tax office

Get In Touch FOR A FREE Quote!

Please use the form below to start a conversation with our friendly and professional team.

1300 88 70 93

Safeguard Insolvency works closely with professionals that can help you with liquidation.