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.
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.
Liquidation process FAQ
The road to recovery can be hard for businesses facing insolvency, but not all is lost, not every financially distressed business has to end in liquidation.
Company liquidation can be a complicated procedure, we simplify it for you.
Usually, the entire process can take from 6-12 months, though the exact length of the process will depend on the size of the company, the ownership structure, the size of the company’s debt, and other various factors.
A registered liquidator, appointed by either the courts or the creditors after a company initiates the bankruptcy process, is a certified person who winds up the company’s operations. The liquidator has the ability to pay out debts, sell company assets, and more.
The choice of the liquidator is very important and has a measurable impact on the company’s outcomes. At Mackay Goodwin, we help our clients navigate the maze to best protect their interests during the process.
Liquidation is sometimes the most appropriate option, depending on the situation, however it is not the only option. Voluntary administration, restructuring, debt relief,. are all options companies can pursue before they need to liquidate. Mackay Goodwin has helped many businesses explore these options and find a path forward.