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Company Liquidation Perth

Act quickly and liquidate your company before it's too late

Liquidating Your Company Gives You a Clean Break to Focus on the Future

Company Liquidation is a formal insolvency procedure in which your company is brought to an end: all of your assets are liquidated and the proceeds from the sale of assets is used to repay your creditors. If your company is showing warning signs of insolvency, such as cash-flow issues, creditor payment extension terms, the necessity to refinance in order to pay bills or you are receiving letters, demands or summons issued against your company, Company Liquidation may be the right solution for you.

As a director, it’s your duty to cease trading and seek professional help. Liquidation helps to protect you from insolvent trading, from being held personally liable for debts that could result from a Director Penalty Notice and relieves you from worry and stress, by legally bringing the affairs of your company to a close. Liquidating your company instantly removes pressure from creditors and stops any legal action being claimed against you.

Benefits of Liquidating Your Company

All Outstanding Debts Are Written Off

Being unable to pay existing debts with no way of turning your company around is a stressful situation for any director. In this regard, Company Liquidation offers an escape route from this ‘no-win’ situation. Unless you have made a personal guarantee for debts, as a director you have no legal liability to repay any money owed by your business. Liquidation gives you the opportunity to move on, rather than watching your investments being swallowed up by existing debts.

Legal Action is Stopped

Any legal action against your company is stopped when you choose to Liquidate your company. This leaves you free to explore other business options without being pursued by creditors.

Leases Can Be Cancelled

Terms on lease and hire purchase agreements are generally terminated at the date of Liquidation, so no further payments need to be made.

Avoid Court Processes

By voluntarily choosing to Liquidate your company (Creditor’s Voluntary Liquidation), you avoid being petitioned through the courts and can demonstrate to the public that Liquidation was a company choice rather than a hostile creditor action.

Discover Financial Relief in 3 Easy Steps

Step 1

Get in touch with us about your company’s financial situation and get some free, expert advice on the options available to you moving forward. This could be anything from implementing a business turnaround or restructure, a Voluntary Administration or Liquidation

Step 2

If you decide to proceed with Liquidating your company, let us know and we’ll get all of the necessary documents ready. Once your business has gone into Liquidation, we will make sure your creditors are informed.

Step 3

Our in-house ASIC Registered Liquidators can complete the Liquidation process for you, so you can take a step back and find relief knowing a professional is on the job.

Why Choose Revive Financial?

Occasionally, no matter how hard you try to keep your business from failing, you have no other option than to put your company into Liquidation. At Revive Financial, we pride ourselves on helping you ensure your experience with the Liquidation Process is as smooth as possible. We understand how emotional the process of winding up your company can be, so we make sure to take care of your needs in an efficient, empathetic and timely manner.

We work closely with you to achieve a fair result and we pride ourselves on protecting you as we guide you through the process, safeguarding you from any harsh or unfair treatment you may receive from creditors. If you have implemented a genuine plan to try and turnaround your business, but it hasn’t worked, we can protect you from personal liability with safe harbour protection.

Our team consists of Chartered Accountants, ASIC Registered Liquidators, Bankruptcy Trustees, Turnaround Specialists and Financial Advisors. We have been helping wholesalers, builders in Perth and a number of other Western Australia-based companies with Liquidation for over 10 years. With over 43 years of combined experience in the industry, Revive Financial is qualified to prove you with expert information and advice on Company Liquidation.

Is Company Liquidation the Right Solution for You?

To find out, get in touch with our Sunshine Coast team today for a free 30-minute consultation on 1800 861 247.

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