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This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
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Frequently asked questions
What is the difference between voluntary and creditor liquidation in Perth?
Voluntary liquidation (members' voluntary liquidation) occurs when a solvent company chooses to wind up, often for restructuring or retirement, and shareholders pass a resolution. Creditor liquidation (creditors' voluntary liquidation) is for insolvent companies, where creditors appoint a liquidator to sell assets and distribute proceeds. Our Perth liquidators handle both, ensuring compliance with the Corporations Act.
How long does a company liquidation take in Perth?
A typical liquidation in Perth can take anywhere from 6 to 12 months for a straightforward case, but complex matters with legal disputes or asset recovery may extend to 2 years or more. The timeline depends on the company's financial position, the number of creditors, and the ease of realising assets. We provide a realistic estimate after an initial review.
What are the costs involved in hiring a company liquidator in Perth?
Liquidator fees in Perth are generally based on time incurred or a fixed fee arrangement, depending on the complexity. For insolvent liquidations, fees are paid from the company's assets, but if there are insufficient assets, creditors may be asked to fund the process. We offer transparent pricing and a free consultation to discuss costs upfront.
Can a director be personally liable for company debts during liquidation?
Yes, in certain circumstances, directors can be personally liable for debts if they traded while insolvent, breached their duties, or failed to keep proper records. Our Perth liquidators investigate potential claims against directors and advise on defences. We also help directors understand their obligations to avoid personal liability.
What happens to employee entitlements when a company goes into liquidation in Perth?
Employee entitlements, such as unpaid wages, annual leave, and redundancy pay, are priority claims in liquidation. The liquidator will assess and pay these from available assets, and if funds are insufficient, employees can apply to the Fair Entitlements Guarantee (FEG) scheme for unpaid entitlements. We guide employees through the process.
Can I keep trading my business while it is in liquidation?
Once a company enters liquidation, directors lose control, and the liquidator takes over. However, in some cases, the liquidator may continue trading temporarily to sell the business as a going concern or complete unfinished contracts. You cannot trade without the liquidator's approval, and doing so may result in personal liability.
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