Liquidation | Mackay Goodwin

When deciding on company liquidators, the expertise and approach of the firm are vital. Mackay Goodwin stands out for several reasons:

Tailored Solutions

We don’t believe in one-size-fits-all answers. Each business scenario is unique, and we craft our liquidation approaches to suit your specific situation, ensuring every strategy aligns with your company’s needs. Taking the time to understand your business's challenges and objectives, we personalise our strategies to fit your needs.

Whether your goal is to liquidate swiftly to mitigate ongoing losses or to dismantle and preserve certain assets strategically, we tailor our liquidation solutions accordingly. We focus on maximising asset value and minimising disruption to your operations and employees. This approach supports a more controlled and beneficial company liquidation, helping you close one chapter and begin another on solid footing.

Proactive Support

Our goal is to ease your stress throughout the liquidation process. From the initial consultation to the final stages, we are with you every step of the way, ensuring transparency and understanding. We maintain clear, open lines of communication with all parties involved – directors, creditors, and stakeholders – setting realistic deadlines and ensuring everyone stays informed at every phase of the process. Our proactive approach minimises surprises and helps manage expectations, making liquidation smooth and headache-free.

Expert Guidance

Our team of ASIC-registered liquidators bring decades of experience in company liquidation across Australia. We understand the intricacies of corporate debt and are adept at navigating complex legal frameworks. Our team possesses a profound knowledge of financial management and insolvency law.

This combination of qualifications and hands-on experience enables us to provide comprehensive guidance. We tackle each challenge with precision, creative strategies and a deep understanding of the legal and financial aspects. Whether simplifying complex liquidation scenarios or handling sensitive negotiations, our team’s expertise ensures you receive professional support and clarity.

Our Liquidation Process Simplified

Liquidating a company is a significant step that involves winding down all operations and resolving all debts as effectively as possible. Here’s what you can expect when you choose to liquidate with Mackay Goodwin’s assistance. The sooner you get in touch, the better your chances of success.

• Initial Consultation: Discuss your financial situation with our liquidation practitioners to determine the best course of action. During this stage, we’ll send you appointment documents for signatures from all company director/s.
• Appointment of Liquidator: Once you decide to proceed, our qualified company liquidators take over the process, ensuring compliance with all legal requirements. We present the first report to creditors, outlining relevant matters and the proposed steps forward.
• Asset Management: We handle the sale of company assets, aiming to maximise returns to creditors. This phase may involve requesting further documents or information from the directors to assess and manage the assets accurately.
• Debt Settlement: Debts are settled in order of priority, with secured creditors typically paid first, followed by unsecured creditors, including employees. This systematic approach ensures all obligations meet legal standards.
• Final Steps: After settling debts and legal matters, your company is formally dissolved, allowing you to move forward.