A person is solvent if, and only if, the person is able to pay all the person’s debts, as and when they become due and payable. A person who is not solvent is insolvent*. (*Section 95A of the Corporation Act – A person includes a company).

As registered and official liquidators we are qualified to and experienced in liquidating solvent and insolvent companies.

A solvent company is typically liquidated to enable the most tax effective distribution of its surplus assets to shareholders.

An insolvent company may be liquidated by one of a numbers of means:

  • official liquidation
  • creditors voluntary liquidation
  • provisional liquidation

Typically, liquidation of an insolvent company includes four primary roles, prior to its finalisation:

  • investigative
  • asset realisation
  • dividend payment
  • reporting to stakeholders, including creditors, shareholders and Australia’s regulatory authorities including the Australian Securities and Investments Commission

The liquidation type utilised is determined by the company’s circumstances.

We offer a complete range of corporate insolvency services and assist directors, creditors and shareholders choose the liquidation type suitable to the circumstances.

Hayes Advisory
Level 16
55 Clarence St
Sydney NSW 2000

(02) 8270 9300