Liquidation Direct
INSOLVENCY, LIQUIDATION AND BANKRUPTCY EXPERTS
1300 767 525
CALL US NOW — 24 hours 7 days
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How do you determine the company is insolvent?
The definition of insolvency is that a company is insolvent if it can't pay all of its debts as and when they fall due.
This may be the case even where a company has a surplus of assets to liabilities but the company may not have the ability to realize the value of those assets within 12 months.
A company may also be deemed to be insolvent if it fails to do things as prescribed at law. Usually, a company will be deemed insolvent for failing to satisfy a 459E Statutory Demand. A company may also be deemed insolvent for failing to maintain books and records of account.
1300 767 525
CALL US NOW — 24 hours 7 days
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