Worried about

If you are a director and you are concerned that your company may be trading while insolvent then, yes, you should be worried. Insolvent trading means you do risk personal liability.

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    You’ve heard about Insolvent Trading

    What does it mean in plain English

    At Dissolve we are experienced in providing a range of solutions. We’ve listed a few below.
    But there are a whole range of possibilities.

    the stick

    The Stick

    The stick – If a company is insolvent then a director may be personally liable for debts that the company incurs.

    So what? A director will need to take action to ensure no further debts are incurred, or if they are, then they are paid in full.

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    The carrot

    The carrot – the Law provides a
    range of practical options for directors who suspect their company is insolvent.

    So what? If a director acts quickly,
    those steps can save the business
    and protect the director from personal liability.

    So, what does “Personal Liability” mean?

    The big benefit of trading a business in a company structure is, if the business incurs a debt, the debt belongs to the company and not the director personally.

    Personal Liability is where a company’s debt is made to be the directors personal debt.

    If a company trades whilst insolvent, any debts the company incurs whilst it is insolvent, become the directors personal debts. The director becomes personally liable for those debts.

    Does that mean your house is potentially on the line – yes!

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    Corporation Act


    That sounds bad!! Are there solutions?

    Absolutely! There are a number of actions that can be taken to either avoid the personal liability or reduce its impact.

    But the opposite is also true – if you do nothing then you, as the director, are likely to be personally liable for debts incurred by the company.

    Dissolve Provides Free Advice

    How does Dissolve provide the advice

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    At Dissolve, we specialise in providing fast, easy and professional advice to directors with companies facing financial difficulties. That can take 5 minutes or continue as long as you like.
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    We are happy to meet with you if you want, but there is usually no need.
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    You are dealing with a firm of highly experienced experts, with professional qualifications including Chartered Accountants, Registered Liquidators, Members of Australian Restructuring & Turnaround Association and Turnaround Management Association. Check Cliff Sanderson’s credentials here.

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    You are NOT dealing with unqualified “pre-insolvency advisors” (you may have read about them in the media).

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    Our Solutions

    What sort of solutions are there?

    At Dissolve we are experienced in providing a range of solutions. We’ve listed a few below.
    But there are a whole range of possibilities.

    administrator liquidation

    Voluntary Administration

    Saving your company and
    avoiding personal
    liability through a Voluntary



    Restructure the company
    which could involve using “Safe
    Harbour” legislation or
    implementing asset protection



    Sometimes we liquidate
    the company or there
    is a sale of the business
    to better protect the director.

    Still confused?

    Yes that’s understandable. It’s a complicated area. In fact, we’d say you are unlikely to be able to understand all of the issues yourself. You will need advice from an insolvency expert.

    Why Choose Us?

    Expert advice from experienced liquidators


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    At Dissolve, we specialise in providing
    advice to small and medium size
    companies and directors of those

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    Over each of the last 8 years we have provided advice to over 300 directors – we have the experience and industry knowledge to know the best way forward.

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    In around 50% of calls we receive from directors, we are able to provide free advice over the phone that gives the director a specific way forward – that is we are not there to sell our services – we provide genuine advice for the situation.

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    If we do recommend you use our services we will be clear on what that will cost you – in most cases we’ll provide a specific fixed quote so you know what it will cost, what we will do for you and what will be the potential savings to a director and their company.

    Contact Us

    Please either give us a call or submit the form and we will get back to you.

    1300 043 364