A Guide to Voluntary Administration

A Guide to Voluntary Administration Businesses operating under a company structure have a few different options when it comes to insolvency and business turnaround processes, and - if your business is in financial strife - voluntary administration may be one of the options you’re considering.  So, what is voluntary administration, and why would a company [...]

By | January 30th, 2020|Liquidations, Voluntary administration|0 Comments

Company Liquidation: An Expert Guide

Company liquidation is an option of last resort for both solvent and insolvent companies. Liquidation eventually results in a company ceasing operations and entering deregistration. But what are some of the reasons that companies choose to enter the liquidation process? In this comprehensive guide to liquidation, we explore what is liquidation, the process involved, the [...]

By | January 7th, 2020|Liquidations|0 Comments

Latest ASIC statistics

ASIC released its quarterly insolvency statistics for the third quarter of the 2015/16 financial year. It shows a decrease of 15.7% for companies entering external administration (EXAD). Liquidation appointments totalled 2,106 compared to 2,499 in the previous quarter. - Court liquidations were down 28.4%, except for South Australia (up 31%). - Creditors' Voluntary Liquidations were [...]

By | June 27th, 2016|Liquidations, Voluntary administration|0 Comments

Man to Man collapses into liquidation

Menswear chain Man to Man has called in liquidators, just over a year since it emerged from voluntary administration under new owners. Man to Man appointed voluntary administrators back in 2014. At the time, the 35-year-old retailer citied tough trading conditions as well as a failed investment. Man to Man later emerged from the administration [...]

By | June 27th, 2016|Liquidations|0 Comments