Company Liquidation

& Other Options

Liquidation is not the only option. At Corporate Guardian we always try to save your business before liquidation is considered. If you want to clear company debt and save your business – use our live chat or enquire to find out how we can help.

Gosford

98 Mann Street
GOSFORD NSW 2250

T: 1300 788 788
F: (02) 4322 0544

Tamworth

345 Peel Street
TAMWORTH NSW 2340

T: 1300 788 788
F: (02) 4965 6500

Company Liquidation

& Other Options

Liquidation is not the only option. At Corporate Guardian we always try to save your business before liquidation is considered. If you want to clear company debt and save your business – use our live chat or enquire to find out how we can help.

Tamworth

345 Peel Street
TAMWORTH NSW 2340

T: 1300 788 788
F: (02) 4965 6500

Gosford

98 Mann Street
GOSFORD NSW 2250

T: 1300 788 788
F: (02) 4322 0544

 

Our Difference

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Offices in NSW, VIC, QLD & WA

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5+ in-house Trustees in Bankruptcy

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Over 110 staff

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Established in 1984

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Long-term relationships with lawyers and accountants

15 in house liquid

15+ in-house Liquidators and Administrators

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ASIC registered + ARITA memberships in-house

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We operate in all states and territories across Australia

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Call us now on 1300 788 788 for IMMEDIATE solutions for your business.

Offices open 8am-8pm AEST

Call us now on 1300 788 788 for IMMEDIATE solutions for your business.

Offices open 8am-8pm AEST

Free Consultation

If liquidation is the answer, click here & contact Corporate Guardian before it’s too late. Liquidation is also referred to as ‘winding up’ a company. The process involves liquidating a company’s assets and then closing or deregistering it.

There are four types of liquidation: Creditors Voluntary Liquidation, Court Liquidation, Provisional Liquidation, and Members Voluntary Liquidation. The path you go down depends on who initiates the process and the state of your company. It’s against the law to trade when you can’t pay your debts so seeking early advice is crucial.

Creditors Voluntary Liquidation

This is a quick, simple and generally inexpensive option. Basically, a CVL occurs when a business is no longer able to pay its debts and the shareholders agree under a special resolution that the company needs to be wound up. Your business must be insolvent or likely to become insolvent in order to perform a CVL. The advantage of choosing this route is that all it requires is for the directors and shareholders to agree to this option and a registered liquidator is then appointed. We can help contact us.

Court Liquidation

The most common reason a Liquidator is appointed by the court is because your company has failed to comply with the demands of an unsecured creditor. When this happens, a court will appoint an independent administrator to be responsible for liquidating your company’s assets. We can help contact us.

Members Voluntary Liquidation

If your company is still solvent but the directors and shareholders have agreed it’s time to cease trading, then you might want to consider a Members Voluntary Liquidation. MVL is an easy and straightforward approach that occurs while the company is still solvent, but when the directors and shareholders have agreed to wind up the affairs of the business, and liquidate the structure and assets. We can help contact us.

Provisional Liquidation

We know that not all liquidations go smoothly. And if the court considers your company’s assets or financial resources are at risk during the time between filing a court application and the court hearing then it may appoint a Provisional Liquidator. The Provisional Liquidator acts as an independent third party and can administer and exercise control of your company to protect the creditors’ best interests. We can help contact us.

If liquidation is the answer, click here & contact Corporate Guardian before it’s too late. Liquidation is also referred to as ‘winding up’ a company. The process involves liquidating a company’s assets and then closing or deregistering it.

There are four types of liquidation: Creditors Voluntary Liquidation, Court Liquidation, Provisional Liquidation, and Members Voluntary Liquidation. The path you go down depends on who initiates the process and the state of your company. It’s against the law to trade when you can’t pay your debts so seeking early advice is crucial.

Creditors Voluntary Liquidation

This is a quick, simple and generally inexpensive option. Basically, a CVL occurs when a business is no longer able to pay its debts and the shareholders agree under a special resolution that the company needs to be wound up. Your business must be insolvent or likely to become insolvent in order to perform a CVL. The advantage of choosing this route is that all it requires is for the directors and shareholders to agree to this option and a registered liquidator is then appointed. We can help contact us.

Court Liquidation

The most common reason a Liquidator is appointed by the court is because your company has failed to comply with the demands of an unsecured creditor. When this happens, a court will appoint an independent administrator to be responsible for liquidating your company’s assets. We can help contact us.

Members Voluntary Liquidation

If your company is still solvent but the directors and shareholders have agreed it’s time to cease trading, then you might want to consider a Members Voluntary Liquidation. MVL is an easy and straightforward approach that occurs while the company is still solvent, but when the directors and shareholders have agreed to wind up the affairs of the business, and liquidate the structure and assets. We can help contact us.

Provisional Liquidation

We know that not all liquidations go smoothly. And if the court considers your company’s assets or financial resources are at risk during the time between filing a court application and the court hearing then it may appoint a Provisional Liquidator. The Provisional Liquidator acts as an independent third party and can administer and exercise control of your company to protect the creditors’ best interests. We can help contact us.

The first positive step forward is taking control of your situation so you can move on

Many companies claim they can help you, but truth be told – most of them are guised as pre-insolvency advisers and don’t carry the necessary qualifications to assist you through the process. They are usually unlicensed under Australian Securities and Investments Commission (“ASIC”) and Australian Financial Security Authority (“AFSA”) and in most circumstances do not carry suitable Professional Indemnity Insurance for the advice they are providing. Corporate Guardian has helped hundreds of business owners breathe a sigh of relief that they have taken control of their future. We’ll be with you all the way as you put the worst behind you and begin to make future plans.

Frequently Asked Questions

What is Creditors Voluntary Liquidation?

A creditors voluntary liquidation (CVL) occurs when the company’s members determine that the company can no longer satisfy its debts and is insolvent, or likely to become insolvent. It allows for an orderly realisation of the company’s assets, investigations into the company’s failure and distribution of the company’s assets amongst creditors.

Will I lose my house?

Although it is unlikely that a company’s debts become the directors’ personal debts, there are some situations in which the director may become liable. Therefore, seeking early advice from one of our insolvency consultants is the best course of action to avoid losing your home.

Why choose a Creditors Voluntary Liquidation?

The CVL process allows for a systematic approach to winding up a company and bringing its affairs to an end. The Liquidator acts as an independent third party to ensure that the process is conducted appropriately and according to the relevant law.

Do I really need to appoint a liquidator now?

The sooner you employ our services the less chance there is that you will be exposed personally – a situation that with our help, should be avoided at all costs.

My company is in financial difficulty – who can help?

Your company is in trouble. Of course, it’s tempting to be optimistic: “If we just keep going.” “We’ll find a way out.” The problem is, you’re not in the right place to rationally and dispassionately assess the true situation.

Through no fault of your own, you may be at the point of no return. You need to understand that sticking your head in the sand is causing more damage. Do something – right now – rather than risk losing everything.

Our advice has helped hundreds of companies

You are here because you are now looking for help. That’s the first positive step. Next, you require expert professional advice from a company that has a solid reputation for assisting people exactly like you.

At Corporate Guardian, our respected ‘Service Promise’ means that we will quickly assess what your next step is. If that involves liquidation, we are Registered Liquidators and can ensure that you will be given the very best advice and services.

The first positive step forward is taking control of your situation so you can move on

Many companies claim they can help you, but truth be told – most of them are guised as pre-insolvency advisers and don’t carry the necessary qualifications to assist you through the process. They are usually unlicensed under Australian Securities and Investments Commission (“ASIC”) and Australian Financial Security Authority (“AFSA”) and in most circumstances do not carry suitable Professional Indemnity Insurance for the advice they are providing. Corporate Guardian has helped hundreds of business owners breathe a sigh of relief that they have taken control of their future. We’ll be with you all the way as you put the worst behind you and begin to make future plans.

Frequently Asked Questions

What is Creditors Voluntary Liquidation?

A creditors voluntary liquidation (CVL) occurs when the company’s members determine that the company can no longer satisfy its debts and is insolvent, or likely to become insolvent. It allows for an orderly realisation of the company’s assets, investigations into the company’s failure and distribution of the company’s assets amongst creditors.

Will I lose my house?

Although it is unlikely that a company’s debts become the directors’ personal debts, there are some situations in which the director may become liable. Therefore, seeking early advice from one of our insolvency consultants is the best course of action to avoid losing your home.

Why choose a Creditors Voluntary Liquidation?

The CVL process allows for a systematic approach to winding up a company and bringing its affairs to an end. The Liquidator acts as an independent third party to ensure that the process is conducted appropriately and according to the relevant law.

Do I really need to appoint a liquidator now?

The sooner you employ our services the less chance there is that you will be exposed personally – a situation that with our help, should be avoided at all costs.

My company is in financial difficulty – who can help?

Your company is in trouble. Of course, it’s tempting to be optimistic: “If we just keep going.” “We’ll find a way out.” The problem is, you’re not in the right place to rationally and dispassionately assess the true situation.

Through no fault of your own, you may be at the point of no return. You need to understand that sticking your head in the sand is causing more damage. Do something – right now – rather than risk losing everything.

Our advice has helped hundreds of companies

You are here because you are now looking for help. That’s the first positive step. Next, you require expert professional advice from a company that has a solid reputation for assisting people exactly like you.

At Corporate Guardian, our respected ‘Service Promise’ means that we will quickly assess what your next step is. If that involves liquidation, we are Registered Liquidators and can ensure that you will be given the very best advice and services.