If your company is in severe financial distress and no longer viable, Business Liquidation may be the only option. With in-house liquidators registered by ASIC, we’ll facilitate the most effective exit and communicate with creditors on your behalf. Supporting your people while helping you find the path to what’s next, either through Creditors’ Voluntary Liquidation or Simplified Liquidation.
Creditors’ Voluntary Liquidation
In Creditors’ Voluntary Liquidation (CVL), our ASIC registered liquidators can ease the process on the role of Company Liquidator. Dealing with the formalities of convening shareholders, and facilitating a procedure in which the company is placed into Liquidation. Helping to relieve stress at every stage.
If your company is insolvent and total liabilities do not exceed $1 million, you may be eligible for Simplified Liquidation. A more streamlined version of CVL, we’ll work with you to close your business the right way, with clarity and understanding.
At Mackay Goodwin, we have significant experience in Receivership appointments and as Agent for Mortgagees. If you’re a Funder, Secured Creditor or Financial Institution adviser, please get in touch.
If you’re facing financial difficulty, or unable to pay your debts, we can help. Our in-house Registered Trustee specialises in managing the estates of bankrupt individuals and Personal Insolvency Agreements. Negotiating arrangements with creditors while navigating the best way forward for all concerned.
We understand the financial and emotional weight of bankruptcy. We’ll work with you throughout the process, remaining upfront and transparent at all times so you know where you stand. Covering all options, guiding you around the pitfalls. Solving problems swiftly to deliver the optimal result, with bankruptcy as a last resort.
If you’re facing personal insolvency, we’ll help to navigate the way out. Tailoring a plan, we’ll advise and recommend the best options to deal with your unmanageable debt. Create a legally binding document between you and your creditors, and negotiate on your behalf so you pay a percentage of the combined debt over a period of time. Moving you forward as efficiently as possible, every step of the way.