Service Problem
Problem Your Solution Is Designed To Fix
Liquidation is for businesses in debt that cannot repay that debt either through continued trading or a rescue process like SBR or Voluntary Administration. It is an appointment where the assets are realised and creditors are paid out equally from the proceeds.
Falling behind on ATO payments
Received a Director Penalty Notice
Cashflow never seems to catch up
Did you know?
“This will be a quote from trent Most People Are Only Aware Of The Symptom Not The Underlying Problem This will be a quote from trent Most People Are Only Aware Of The Symptom Not The Underlying Problem”
– Trent McMillian
How This Service Helps You
Problem Your Solution Is Designed To Fix
After one initial consultation, we can provide advice in no-nonsense, straight talk that sets a whether liquidation is a better option for you than an attempt at a business rescue process like SBR or Voluntary Administration.
When we are appointed Liquidator we take control of all aspects of the Company and deal with all creditors. We’ll assist directors comply with their obligations post-liquidation and liaise with you in a way that understands the pressures you are facing.
Initiating a liquidation is a quick process and can typically be done in one day if that is the right solution for your circumstances. Our process is straight forward:
Initial consultation
(30-60 minutes)
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Determine if liquidation
is the best option
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here,
Realise assets
pay out creditors
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here,
Why 1300 Indebt
Problem Your Solution Is Designed To Fix
Liquidation is often desirable where the directors either cannot trade the company out of debt distress, or are not in a position to put up a rescue package to save it.
Sometimes in a liquidation it means the end of the business whilst in other engagements, the business could be sold to a third party buyer if it is still a going concern when we are approached to act.
A common misconception is that the ATO has first bite at monies realised into a liquidation. This is not correct, taxation debt is unsecured and ranks equally with the other trading debts of the Company.
Frequently Asked Questions
1300 INDEBT
Initial Consultation
Our initial consultation is free and there is no obligation to proceed. This can be done in person via, email or video conference.
1300 INDEBT / info@1300indebt.com.au
1300 INDEBT
Initial Consultation
Our initial consultation is free and there is no obligation to proceed. This can be done in person via, email or video conference.
