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Company Liquidation

We Provide Fast, Low Cost Company Liquidation Services

What is Liquidation?

As a company director, you know when your business is facing financial distress. If your company has too much debt, you’re worried you may be trading insolvent and can’t see the company operating in the future – liquidating your company will wind up its affairs quickly and help you get back on track.

Company Liquidation is the process of selling all assets the business owns, paying off creditors and dissolving the business. Liquidation hands the control of your business over to a Registered Liquidator and is an act of insolvency. As a company director, you will no longer have a say in how your business is run and it will be wound up as fast as possible.

By engaging us at Lanyana Financial Group, you can take a step back from your company and breathe easy while our experts work out the best way forward. Appointing us as your Registered Liquidator will mean we will work with you to extract the most value from any remaining assets.

When a business goes into Liquidation in Australia, it’s usually the result of long-term financial difficulties. The quick and effective strategy of Company Liquidation helps its directors comply with their statutory duties and avoids the risks of insolvent trading.

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Types of Liquidation

Creditors Voluntary Liquidation

Creditors Voluntary Liquidation (CVL) is initiated by a business’ shareholders. The Liquidator’s appointment can be made very quickly, the process is straightforward and it provides the best outcome for your company, its creditors and the directors.

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Members Voluntary Liquidation

Members Voluntary Liquidation (MVL) is initiated by a company’s director and shareholders. For your company to be wound up by MVL, a Declaration of Solvency must be agreed upon by the majority of your company’s creditors.

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Court Liquidation

Court Liquidation is an involuntary process where a creditor or shareholder applies to the court to commence winding up proceedings of your company. This commonly occurs when your business is issued a Statutory Demand and it has been left unpaid.

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Case Study

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How Much Money Do You Owe?

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You've taken the first step to becoming debt free

Let's keep the momentum going, take the second step now and complete the assessment form.

By submitting this form you acknowledge that you have read and accept our Privacy Policy

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