Director’s Duties & Insolvent Trading

How do I know if my company is insolvent?

Some of the most common signs of insolvency include:

– Poor Cash Flow
– Unpaid or overdue Taxes
– Unpaid or overdue employee entitlements
– Suppliers stop supplying or demand cash on delivery
– Inadequate Company Books & Records

If your company is experiencing any of the above, you may be headed towards insolvency. To assess whether your company should enter into liquidation, give Insolvency Services Australia a call on 1800 003 883. We can look into your case, determine your solvency and assist you with the most appropriate course of action.

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