It’s not always a straightforward process to determine if a company is solvent or insolvent. That’s why we’ve developed this easy-to-use checklist for company directors and their advisors.
Based on the Australian Securities and Investment Commission’s (ASIC’s) guide on preventing insolvent trading, it allows you to quickly and easily consider a number of insolvency indicators.
When a company is experiencing financial pressures it is important that the company’s directors and their advisors regularly assess the company’s solvency.
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