Creditors’ Voluntary Liquidation
Helping You Navigate Business Liquidation with Confidence
We understand that sometimes unmanageable debt can lead to a situation where business owners just want to dissolve the business. Additionally, dealing with debt is stressful and sometimes liquidation is either unavoidable or the most appropriate solution under the circumstances. Our team will help ease the stress and anxiety that debts can cause on you and your family.
A Creditors’ Voluntary Liquidation takes place when the shareholders of an insolvent company agree to wind up the company. The shareholders will seek professional assistance and appoint a Liquidator.
How Liquidation Can Provide Relief for Business Owners
The role of a Liquidator (such as Insolvency Options) is to wind up the business’ affairs; realise all business assets and distribute the proceeds fairly to employees and creditors. Lastly, deregistering the company. When a company is in this process (or after the liquidation is finalised), unsecured creditors cannot take legal action for unpaid debts. This can provide some relief for shareholders of the company.
If you are unsure whether liquidation is right for your business, contact our team today on 1800 463 328. We will work with you to discuss your business debt solutions and take the stress out of the situation.
Frequently Asked Questions
Other Business Debt Solutions
When faced with business financial stress, we know things can be daunting. However, under the circumstances you may want to continue trading but don’t know how. Alternatively, you may want to wind up your business affairs or you may just need some advice.
Insolvency Options are the experts you can turn to when you need help.
Corporate Debt Solutions
Book Your Free Confidential Consultation
We know taking the first step to call for help is not easy.
Our initial step in your consultation is to listen to best try and understand your situation. Your confidentiality is just as important to us as it is to you.
Our consultation also covers what your options are; the benefits, considerations, costs and expected outcomes of each option. Anything that you have disclosed to us during this consultation is kept completely confidential.