When a creditor has decided to pursue this course of action they will almost always have instructed a solicitor who will be running the process.
The solicitor will:
The Notice will have a return date at which time the Court will set a date for the hearing. It is at that hearing that the Court may order that your company be placed into Official Liquidation or Court Liquidation – they are the same thing. The Official Liquidator will then take complete control of the company and set about winding up its affairs.
Failure to deal with this Notice will result in you losing your Company. If your company cannot pay the debt then you should look at our page Is my company insolvent? or if you are already convinced your company is insolvent then Ask IRA! what your options are.
If the above advice has not answered your questions you might want to review the following pages and downloadable Information Sheets:
Or please call us for free advice.
“I’ve now referred two liquidations to Dissolve and in both cases my clients were amazed at the ease of the appointment process and how quickly the liquidation was finished.”…
Partner of a Sydney Accounting Firm
“Cliff and his staff provided a fast, efficient and friendly service. The process was simplified and all steps were communicated well. The price was exactly as advertised with.”…
Director of a Property Development Company
“…after I gave Dissolve the go-ahead I received the No Asset Liquidation Package within two hours and I had the company in liquidation the next morning.”…
Director of a Fashion Retailer