Liquidation Direct
INSOLVENCY, LIQUIDATION AND BANKRUPTCY EXPERTS
1300 767 525
CALL US NOW — 24 hours 7 days
Sorry, we could not detect the flash version that's required to view this site.
You need to upgrade your Flash Player
Click here if you think, you do have the latest flash player.
You need to upgrade your Flash Player
Click here if you think, you do have the latest flash player.
What is the effect of liquidation on unsecured creditors?
Upon the appointment of liquidators, all legal actions against the company are stayed and cannot be re-instituted without leave of the court.
Creditors lose their individual rights to recover debts directly from the insolvent company, but are able to prove their debts and share in any distribution made by the liquidators.
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.