About your recovery partner
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Experts in Key Moments
At Mackay Goodwin, we have a nationwide team ready to assist you. Our team of qualified professionals, including ASIC registered liquidators love to find solutions for people facing financial difficulties. With experts located across all major Australian cities, we’re ready to help you in any situation. key team members you’ll work with.
How do I know if it’s time to speak to a professional?
There is no time like the present to prepare for tomorrow. If you are experiencing one or more of the below indicators, get in contact with our restructuring experts today.
We've helped several businesses recover from debt, become profitable, and restructure their options all around Australia.
If you’re in Brisbane and looking for a way to avoid liquidation,
get in touch with us today & find a way forward for you and your business.
Common liquidation questions
If your business is experiencing financial distress, entering liquidation may be the most appropriate for your business. When your company is no longer viable, closing the doors is your most appropriate option.
Liquidation is a structured way to wrap up a company’s operations. It ensures proper and legal distribution of assets, minimising the impact of financial troubles. This process also lets shareholders, creditors, and directors involve an independent expert to oversee and manage the liquidation. Creditors recognise liquidation as a fair and lawful choice for an insolvent company to handle its finances.
When a company enters liquidation, the general process and steps involved can look like:
It’s important to note that there are different types of liquidation in Australia, including voluntary liquidation (initiated by the company’s directors or shareholders) and court-ordered liquidation (usually initiated by creditors). The specific details and procedures can vary based on the circumstances and the type of liquidation.
If you need financial, or administrative help during or before liquidation, we can help! We’ve helped many Australian companies and business owners recover from financial distress, avoid insolvency, and become profitable again. Contact us now and let’s discuss your situation.
Liquidation is generally considered to be a cost-effective solution for businesses experiencing financial distress. Which makes it an attractive option for companies looking to wind up. Though the precise cost will depend on the size and the complexity of the company, the liquidation process for a small company can cost as little as $5,500.
Contact us today if you have questions about how to start the process.