Stop Unsustainable Debt From Getting Worse
& Reduce Director Risk
Facing unmanageable debt pressure, growing director risk from continued trading or ATO Director Penalty Notices and no viable pathway to exit or recover, then this might be for you.
Business Liquidation can help address mounting pressure from creditors, unpaid suppliers, rent arrears and persistent tax debt with the Australian Taxation Office.
Did you know?
Liquidation, although not often a desired outcome when you go into business, is often later looked back on by directors as the starting point of relief from the stress. As Liquidators, we take control of the company and deal with all creditors, including the ATO, from day one.
How This Service Helps You
Create An Orderly Exit When Recovery Is No Longer Viable
After an initial free consultation, we can provide advice in no-nonsense, straight talk that sets out 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.
Initial Consultation
(20-60 minutes)
It starts with a confidential consultation to understand your company’s financial position, creditor pressures and director concerns. We assess the issues you’re facing, explain the liquidation process clearly and help you understand what options may be available, so you can make an informed next step.
Determine If Liquidation
Is The Best Option
Before any action is taken, we assess whether liquidation is the right solution for your circumstances. If it is appropriate, we guide you through the appointment process and manage the liquidation from start to finish, including statutory reporting to creditors and regulators.
Realise Assets &
Pay Out Creditors
Once the liquidation is underway, we work to realise company assets, investigate claims and distribute available funds to creditors in accordance with the legal priority framework. When the process is complete, the liquidation is finalised efficiently and the company is brought to an orderly end.
Why 1300 Indebt
Calm Practical Advice & Delivery
As experts in business liquidation, we work closely with you and your accountant/financial advisor to deliver a speedy rescue without unsettling obstacles.
We’ll communicate the steps, who does what and when, and deliver on our target timelines, to get you back on track.
We have open lines of communication with the ATO and major stakeholders, meaning we can negotiate an optimistic outcome as a matter of routine.
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.
