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Closing a Company/Business That Cannot Pay Its Creditors

Method - Bruce appointed Creditors Voluntary Liquidator by Shareholders

Key Outcome: Assets realized and remaining funds distributed to creditors.

  • Independent process to administer a distressed business to realise value

  • Bruce’s many years’ experience applied effectively to improve outcomes

  • Creditors claims are made to the Liquidator/Administrator.

  • Employees are usually paid entitlements (except Superannuation).

Other Methods Bruce Can Help With

Voluntary Administration
A Moratorium to deal with a Crisis Solution

  • Find the best way forward

Deed of Company Arrangement

Flexible Outcomes – May involve a Compromise or a Fund set aside to distribute to Creditors

This is one of the outcomes of a Voluntary Administration

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