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Company Liquidations

Liquidation is in effect the bankruptcy of a company. It is whereby a Liquidator is either appointed by the members of the company or a creditor. The Liquidators role is to sell up and dispose of the assets of the company and realize on them for the benefit of the creditors.

Bankruptcy

The concept of bankruptcy was that it releases you from the burden of your creditors and allows you to make a fresh start in life without the constraints that have been previously placed on you by creditors.

Deeds of Company Arrangement

Where a debtor appoints an Administrator (registered Trustee or Liquidator) and places his company for a certain period of time under the control of that Administrator.

Part X Arrangement

Part X of the Bankruptcy Act provides a special procedure whereby a debtor enters into an arrangement with his/her creditors and consequently the debtor is released from all his/her debts.

Voluntary Administration & Receiverships

If a company is in financial difficulty, it can be put into voluntary administration.

Early Release from Bankruptcy

There are provisions within the Bankruptcy Act that enable bankrupt to have their bankruptcy annulled through a Section 73 proposal.

Asset Protection

Wills and discretionary Trusts go to at least a certain length to protect your hard earned assets. Both items must be carefully considered and implemented where required.

Company Formation

Often the reason a business gets into trouble is that they start up under capitalized or are subjected to the inability to recover monies owed to them or partnership break-ups or disputes and bad management practices.