Most commonly referred to as Business Liquidation, a Creditors Voluntary Liquidation is a fast and effective strategy to deal with a company that can no longer pay its debts – including amounts owing to the ATO – and assists directors in complying with their statutory duties.
The team at Rapsey Griffiths can assist companies through this process with unrivalled professionalism and efficiency. We offer advice to ensure no stone is left unturned. In some cases, it is now possible to avoid personal liability under a Direct Penalty Notice issued by the Australian Taxation Office by the use of a Creditors Voluntary Liquidation. So having guidance from a team in-the-know is invaluable.
A Liquidator is appointed by the company’s shareholders or creditors and does the following:
Where possible, we’re committed to ‘turning around’ businesses. If that’s not viable, we act swiftly to mitigate losses
We work with you to find the best possible solution for everyone involved.
As Registered Liquidators and Registered Trustees in Bankruptcy we have the expertise and authority to act.
You can count on us to remove uncertainty and provide expert commercial advice in a timely manner.