Corporate insolvency is for companies that cannot pay their debts as and when they fall due for payment. It is regulated by the Corporations Act.
Woodgate & Co. can provide the following corporate insolvency administrations:
- Voluntary administration;
- Deed of Company Arrangement;
- Creditors’ voluntary liquidation;
- Court liquidation; and,
- Provisional liquidation.
Woodgate & Co. can wind up solvent companies via members’ voluntary liquidations.
Pursuant to the Corporations Act, there are also more specialist appointments such as:
- Controllership; and,
- Scheme of Arrangement.
Appointments may also be effected under the Associations Incorporation Act and the Co-Operatives Act.
For reliable advice on which type of insolvency administration may be appropriate in the circumstances, contact Woodgate & Co.