Are you facing bankruptcy?

Have you been unable to find any alternative solutions to your debt problems?

Welcome to Cheapest Liquidation.

Cheapest Liquidation is a firm of insolvency experts forwarding the savings on to our clients. If you’re struggling to make ends meet in your company or individually then you should be speaking to a professional consultant from Cheapest Liquidation.

Liquidation is fundamentally the process of ending a company’s existence through the liquefaction of its structure and assets.  If debts exist there will be proportionate distributions in order of priority and precedence of the liquidated assets.

Admitting that your company is in trouble takes a wealth of character and a commitment to creating a better future than you’re currently looking at. Cheapest Liquidation can match the character you have shown in seeking help for your financial crisis by committing to make your debt woes a thing of the past. Financial crisis is happening more and more across Australia and Cheapest Liquidation is here to help.

There are several options available to you:

1. Official Liquidation

The application for liquidation is made to the court by creditors of the company. In order for official liquidation to commence, the creditor/s must verify to the court that the company is insolvent (unable to pay its debts as and when they fall due). The liquidation is initiated and an official Liquidator is appointed. The Liquidator will conduct thorough research into the financial affairs of the company in order to distribute these assets and ascertain whether or not illegal/improper activities have taken place.

2. Provisional Liquidation

If the court considers that the assets or financial resources of the company may be at risk during the interim time that lapses between filing of the application and the time of the court hearing, a provisional Liquidator may be appointed to administer and exercise control of the company in order to protect the best interests of the creditors and higher-end distributions. Provisional liquidation will often be executed to ensure that creditors are compensated as close to full satisfaction of arrears as possible when the official liquidation commences.

3. Creditors Voluntary Liquidation (CVL)

A CVL occurs when a business is no longer able to pay its debts as and when they fall due and the shareholders come to an agreement under a special resolution that the company is to be wound up. The company must be insolvent in order to perform a CVL. Once a company becomes insolvent it may be the only option to satisfy the debts in a feasible manner and without waiting for the liquidation to be appointed by the court, which would result in an official liquidation.

4. Members Voluntary Liquidation (MVL)

An MVL occurs when the company is solvent, but the directors/shareholders simply agree to cease trading of the company, wind up its affairs and liquidate the structure and assets to completely dismantle the company.

Cheapest Liquidation can take all the worry and stress out of liquidating your company for the cheapest price you will find anywhere in Australia. Make use of our expertise in the insolvency industry to give yourself a fighting chance to defeat your debt.

Call Cheapest Liquidation for a free initial consultation 1300 60 70 60