What is Voluntary
The aim of the voluntary administration is to allow companies struggling with debts sufficient time to come up with a debt restructuring plan with its creditors or to allow for an organised sale of the business. This option is available to companies that don’t qualify for small business restructuring.
If you want to find out if you’re eligible for the small business restructuring process or Voluntary Administration, contact us to discuss your options today.
Do you qualify for small business restructuring find out How we helped a business reduce its debt by 75% SBRS restarts another business
What is Liquidation?
Liquidation is the formal winding up of a company, often referred to as company voluntary liquidation (CVL). If your business can no longer pay its debts or the company directors don’t see how bills may get paid going forward, then the directors may want to consider liquidation.
If you want to find out if you’re eligible for the small business restructuring process, contact us to discuss your options today
Could a Small Business Restructure save your business?
If you are one of the thousands of business in Australia battling to
succeed, maybe we can help.
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