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company liquidation

Why Clients Must Act Quickly if they Receive a Statutory Demand

Posted by Revive Financial on Jul 13, 2018 12:00:00 AM

One way creditors can recovery money from a company is with a Statutory Demand. This demand, made under the Corporations Act 2001 gives the company's director 21 from days from the day it's received to pay a specified sum of money.

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Topics: Company Liquidation

The Consequences for Those Involved in a Liquidated Company

Posted by Revive Financial on Nov 17, 2016 12:00:00 AM

If your company is being liquidated, it can be a frightening process. You will see a company you value quickly dissolve, you won’t get to see your co-workers anymore, and you will have lost your income.

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Topics: Company Liquidation

What is the Difference Between Bankruptcy, Liquidation and Administration?

Posted by Revive Financial on Apr 20, 2016 12:00:00 AM

For all company’s operating in our unstable modern economic landscape, it is vital to understand the differences between liquidation, administration and bankruptcy – before making any financial decisions.

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Topics: Bankruptcy, Company Liquidation, Voluntary Administration

What the Dick Smith Insolvency Teaches Us

Posted by Revive Financial on Mar 23, 2016 12:00:00 AM

The recent Dick Smith company insolvency case provides a prime example of what can occur when business finances are inappropriately managed.

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Topics: Company Liquidation

Creditor Types and Rankings

Posted by Revive Financial on May 1, 2015 12:00:00 AM

Whether you’re an employee owed wages by a company in liquidation, or a supplier seeking payment from an outstanding debtor on the brink of external administration, if a company owes you money you’re a creditor of that company.

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Topics: Company Liquidation

7 Reasons Business Liquidation is a Good Idea

Posted by Revive Financial on May 1, 2015 12:00:00 AM

Let us clear up why business liquidation is the right decision. If you're wondering if you should even bother liquidating your company, here are some very good reasons to do it.

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Topics: Company Liquidation

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