Liquidation Solutions in Brisbane
Liquidation is the formal process of closing a company that can no longer pay its debts. It provides a structured way to wind up the business, sell off its assets, and distribute the proceeds to creditors in accordance with the law.
When a company enters liquidation, a Registered Liquidator from SV Partners is appointed to take control of the business. The Liquidator’s role is to realise company assets, investigate its financial affairs, and ensure fair outcomes for creditors.
SV Partners - Brisbane's Liquidation Specialists
While liquidation may be necessary in some cases, there are alternative options available to help manage company debt and avoid winding up. The corporate insolvency specialists at SV Partners can assess your situation and help you determine the most appropriate course of action.
If your business has received a statutory demand, creditor notice, or legal action, it’s critical to act quickly. Contact our Brisbane office as soon as possible to explore your options and protect your position.
Brisbane Office
Our Brisbane Liquidation Process
Once a company enters liquidation—voluntarily or through a court order—the process follows a structured approach managed by a Registered Liquidator. Typically, the process involves four key stages.
1. The Company Appoints a Liquidator
The process starts with the formal appointment of a Registered Liquidator—either voluntarily by the company’s directors and shareholders or through a court order initiated by a creditor. The Liquidator then assumes control of the company and begins reviewing its financial position and liabilities.
2. Company Assets are Realised
The Liquidator examines the company’s financial affairs to understand the reasons for its failure and to identify any instances of misconduct, insolvent trading, or breaches of duty. At this stage, the Liquidator also arranges the sale of company assets to recover funds that will be distributed to creditors.
3. Dividends are Paid to Creditors
Once the costs of the liquidation process are covered, any remaining funds from asset sales are distributed to unsecured creditors. This is done according to the priority order set out in the Corporations Act, ensuring a fair and transparent allocation of available resources.
4. The Company is Deregistered
Once all investigations are complete and available funds have been distributed, the Liquidator proceeds to deregister the company with ASIC. This marks the official end of the company’s legal existence, and creditors are no longer able to pursue any unpaid debts.
Liquidation is often considered a last resort. Depending on your circumstances, there may be other solutions available—such as voluntary administration or business restructuring—that can help your company recover. Speak with SV Partners’ Brisbane team to understand your options and make an informed decision.
Director Personal Liability in Liquidation
Company directors in Australia are legally required to act in good faith and in the best interests of the company and its shareholders. When a director breaches these obligations—particularly in the context of financial distress—they may be held personally liable for certain company debts, including:
Unpaid Pay As You Go Withholding (PAYGW)
Outstanding Goods and Services Tax (GST)
Unpaid Superannuation Guarantee Charge (SGC)
Debts covered under personal guarantees
The financial exposure can be substantial and, in some cases, lead to personal insolvency or bankruptcy for the director.
If your company is facing liquidation or you’ve received a Director Penalty Notice (DPN) from the ATO, it’s essential to act fast. Early intervention can help protect you from personal liability and other serious consequences. Contact SV Partners’ Brisbane office for confidential, expert advice.
Brisbane Liquidation Experts
SV Partners provides a full range of corporate insolvency services, including liquidation, restructuring, and advisory support, to businesses across Brisbane and the wider Queensland region.
Every situation is different. Whether you're managing financial uncertainty or navigating a formal wind-up, our experienced team delivers tailored solutions with professionalism and discretion.
Book a confidential, obligation-free consultation with SV Partners Brisbane to discuss your options and take the first step toward resolving your company’s financial challenges.
