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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.

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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.

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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.

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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.

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Voluntary Administration & Receiverships

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

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Early Release from Bankruptcy

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

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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.

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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.

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