Critical Information
Claims against a company can lead to liquidation however some claims can also give rise to personal liability against the directors for company debts.
This means a directors personal assets may be at risk.
In addition to this, ASIC can and will take action against you for serious breaches of the Corporations Act. Such action may result in fines and in certain circumstances - custodial sentences.
The best action here is to call 1300 767 525 and speak to one of our senior partners, who will answer your questions and concerns about insolvency. This is a service we provide without charge or obligation, around the clock.
