A court liquidation is a type of insolvency that requires an application to the Court by creditors, company members or other interested parties to wind up a company due to unpaid debts. A liquidator is appointed by the Court to administer the insolvency process in order to realise the company’s assets and disburse funds to creditors in accordance with established priorities. The responsibility of the liquidator is to investigate the company’s affairs and report any offences and other relevant matters to shareholders. A court liquidation allows for a systematic approach to winding up a company and bringing its affairs to an end.
SV Partners are able to administer a court liquidation as an independent third party in accordance with the relevant law. Once appointed, the responsibility is on the liquidator (SV Partners) to ensure that appropriate investigations are undertaken and the best possible outcome is achieved for all interested parties. Our team understand the impacts of insolvency and how this is detrimental to all parties involved. SV Partners are approachable and are highly qualified in dealing with all situations to find the best possible solution.
For more information about Court Liquidations, visit our FAQ section or alternatively call our confidential assist line on 1800 246 801.