Declare For Liquidation Canberra
How To File Liquidation Canberra
One Business Owner’s Story
I knew I was in strife when the bank wouldn’t lend me any more against the farm. This home has been in the family for years and the thought of losing it was too much. I called my financial advisor and my bookkeeper, and they both advised me to go and see Liquidators Canberra which I didn’t do of course. I found this other liquidation firm and they said that’s the only way out. I knew I had significant debt, but it just seemed like I had no alternative. My accountant said that because I am paying for the liquidator and that it was going to be a voluntary liquidation that I would be looked after. WRONG!
I found some Liquidators, they seemed professional and capable and they said they would help me as much as they could to work through my money issues. I had no idea what was about to happen. They seemed to comprehend my predicament; I had some cash coming in and a sale of some equipment going through.
The minute I signed the paperwork the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the equipment was totally taken over, the money I had coming in was gone, they took over every single thing; it was all gone. The next day my savings account were frozen and what I thought was going to be a beneficial situation turned out to be my worst nightmare. I lost everything!
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Do I have any options prior to the Liquidators Canberra seizing my business?
Yes. We offer a free initial consultation to guide you work through this problem. Our team of professionals can spare you tremendous distress. You must act rapidly! Calling us the day before the Liquidators Canberra shows up is fruitless. Contact Liquidators Canberra today on 1300 795 575.
What happens if I can not pay the debt within the 21 Days?
A liquidator will be appointed and you will no longer be the director of your company. The court will appoint a liquidator who then assumes full control of your business. All of the clients, cheque accounts, assets, cash, money that’s owed to the company and your buildings are no longer yours. Put simply, it’s over. The company you have built over the years is no longer yours. All the assets will be sold, your office, shop or factory will be taken over by the Liquidators Canberra (they will even change the locks) and your services are no longer called for. Every facet of your business will now be under the administration of the liquidator.
Will I be personally obligated for my businesses debt?
No. The liquidation of a company does not automatically imply the director will be made bankrupt; however, the process of winding up a company is similar to the process of having a person declared bankrupt. Having said that, the ATO can issue a Director’s Penalty Notice any time, so it’s best to act quickly. For a free consultation contact Liquidators Canberra on 1300 795 575.