Liquidation Direct
INSOLVENCY, LIQUIDATION AND BANKRUPTCY EXPERTS
1300 767 525
CALL US NOW — 24 hours 7 days
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Compensation Proceedings
Compensation proceedings for amounts lost by creditors can be initiated by a liquidator or a creditor with the permission of the liquidators.
Compensation for loss is potentially unlimited and this could not only lead to the loss of personal assets of a director, but also in personal bankruptcy. Where a person becomes bankrupt, they are disqualified from continuing to act as a director or from managing a company.
In addition, ASIC can take action to recover damages against a director.
1300 767 525
CALL US NOW — 24 hours 7 days
Liquidation Experts, Liquidation and Bankruptcy Specialists, Liquidators Registered with ASIC, Bankruptcy Trustees Registered with ITSA, Insolvency and Liquidation Advice, All forms of corporate and personal insolvency, Liquidation throughout Australia, Part IX Debt Agreements, Part X Personal Insolvency Agreement, Bankruptcy Experts.