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LIQUIDATION




Maximise Capital offers advice from a team that are:

  • Qualified;
  • Experienced; and
  • Independent.

Our qualified staff use their extensive knowledge and experience of business and the liquidation process to ensure you get the solution that is right for you.  The business is given the best opportunity to survive and you have all the information and support that you need to make a decision to liquidate your business.   Stakeholder interests in a liquidations can vary drastically and be conflicting when considering directors, shareholders, employees, suppliers and customers.

Whether you are the subject of a winding up order or suffering a significant set back in your business our qualified consultants will be able to improve your understanding which will all you to make decisions from an informed position.

We have worked with various stakeholders through the liquidation process and as a result can impart that knowledge on our clients.

SO IF YOU ARE:

  • Getting conflicting advice?
  • Don’t know what to do?
  • Can’t pay company bills on time?
  • Getting hassled by suppliers for payment?
  • Concerned you are trading insolvent?
  • Unable to pay your accountant?
  • Really worried and want to do the right thing?
  • Getting expensive quotes from Liquidators?
  • Have been referred to an expensive Liquidator?
  • Concerned that the advisors you are talking to are not independent
  • Want to liquidate for the cheapest price?
  • ATO are chasing you?
  • On payment plans with your creditors?
  • Pressure is building & you want the situation sorted?
  • Lawyers are sending you demanding letters?
  • Received a Directors Penalty Notice?
  • Received a Notice of Winding Up?
  • Received a Garnishee Notice? Talk to us now – we can help.

 

LIQUIDATION EXPLAINED

A Liquidation can be initiated by the company Directors and shareholders or creditors if they believe that the company is insolvent, or likely to become insolvent in the near future.

The objective of a liquidation is to wind up the affairs of the company and if there are funds available, to provide a distribution to the company’s creditors and shareholders.

BENEFITS TO DIRECTORS AND OWNERS

Directors are able to relieve themselves of the legal consequences (including criminal) of operating an insolvent company (insolvent trading) and the burden of creditors chasing their debts.

Once a company is liquidated, creditor actions cease and are dealt with by the Liquidator. All creditors once a company is in Liquidation need to communicate with the Liquidator.

If there are no assets available in the company, the Liquidator’s duty is to advise creditors to write off their claims and then subsequently deregister the company.