In the liquidation process, both unsecured creditors and secured creditors play crucial roles. Secured creditors have a claim over specific company assets, while unsecured creditors have no such claim. We provide expert guidance to ensure both parties understand their rights and entitlements throughout the liquidation

Liquidation can occur through creditors voluntary liquidation or court liquidation. In a creditors voluntary liquidation, the company's shareholders decide to wind up the company. In contrast, a court liquidation happens when a liquidator is appointed by the court. Our experienced team can assist with both types of liquidation, ensuring compliance with all legal requirements.

When a company is declared insolvent, it means it cannot pay its debts. Our role is to manage the insolvent company's assets and debts, ensuring an orderly liquidation process. We oversee the company's books and records to ensure all financial transactions are accurately documented.

When a liquidator is appointed, they take control of the insolvent company’s affairs. This includes managing company assets, books and records, and overseeing the sale of assets. Our team at RSM Australia has extensive experience in liquidator appointments, ensuring a smooth and efficient process

Accurate management of company assets and maintenance of books and records are essential during liquidation. We ensure that all assets are properly identified, valued, and sold to achieve the best outcome for creditors. Additionally, we maintain meticulous records to support the liquidation process.

One of the liquidator’s key responsibilities is the sale of assets. The proceeds from these sales are used to repay creditors. Our expertise ensures that the assets are sold at market value, maximizing the return for creditors. We also ensure that creditors receiving payments are treated fairly and in accordance with legal requirements.

Employees of an insolvent company are often concerned about their entitlements, including annual leave. We ensure that all employee entitlements are calculated accurately and paid out in accordance with legal obligations.

Our team of professionals at RSM Australia offers tailored, professional advice to guide you through the liquidation process. We understand the complexities involved and are committed to providing clear, actionable guidance to help you navigate this difficult time with confidence.