Creditors Voluntary Liquidation

Creditors Voluntary Liquidation

A Creditors Voluntary Liquidation is appropriate when your company has ceased to trade (or is about to cease trading) and it has unpaid debt which the company cannot pay.

To start a Creditors Voluntary Liquidation the company directors and shareholders can appoint a Registered Liquidator of their choosing. The Liquidator will sell off any remaining company assets and will distribute any surplus funds to the creditors of the company (after the costs of the liquidation).

Take care when appointing your liquidator

Before you appoint your liquidator make sure that they are suitably qualified and will complete the liquidation for an agreed fee. Our in-house liquidators are Registered with ASIC and are all CPA or CA qualified. They are also members of the professional peak bodies being ARITA and AIIP. We will always quote our fee up-front so there won’t be any hidden surprises later on.