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Voluntary Administration

Voluntary Administration

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Voluntary Administration

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  2. About Us Insolvency Guardian Australia is a consultancy firm providing a range of Taxation, Forensic Accounting, Auditing and Insolvency Services nationally. Together with you, your lawyers and accountants we can build a positive outcome in these distressing times and provide that light at the end of the tunnel very quickly.

  3. Our Services • Personal insolvency • Corporate insolvency • Company Liquidation • Voluntary Administration • Bankruptcy

  4. Personal Insolvency Personal insolvency is for individuals who are insolvent, which means that they are unable to pay their personal debts to their creditors. If you are dealing with high levels of personal debt, or are under severe financial stress, it is important that you contact experienced consultants who can give you options when it comes to personal insolvency and voluntary bankruptcy.

  5. Corporate insolvency Corporate Insolvency occurs when a company is no longer able to maintain its financial commitments as and when they fall due. Continuing to trade while insolvent or insolvent trading, is illegal. Both the business and its directors can be punished by the law for knowingly trading while insolvent.

  6. Company Liquidation The Liquidation is the process by which a company is brought to an end and property of the company redistributed. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.

  7. Voluntary Administration Voluntary Administration is a legal way of giving a business an opportunity to continue to trade when facing insolvency. Trading insolvently not being able to pay debts as and when they are due is a serious issue and a breach of Directors' duties. Directors who recognise their duties are wise to consider Voluntary Administration.

  8. Bankruptcy A legal proceeding involving a person or business that is unable to repay outstanding debts. The bankruptcy process begins with a petition filed by the debtor most common or on behalf of creditors less common. All of the debtor's assets are measured and evaluated, whereupon the assets are used to repay a portion of outstanding debt. Upon the successful completion of bankruptcy proceedings, the debtor is relieved of the debt obligations incurred prior to filing for bankruptcy.

  9. Contact Us Use our Online Company Liquidation or Online Bankruptcy Services now visit or call us for help on 1300 60 70 60