Skip to main content

Insolvency

FAQs: Simplified liquidation

The information in these FAQs is a summary only, providing basic information about the simplified liquidation process. It does not cover all the relevant law regarding this topic, and is not a substitute for professional advice.

You should also note that because these FAQs avoid using legal language wherever possible, they may include some generalisations about the application of the law. Some provisions of the law referred to have exceptions or important qualifications. In most cases, your circumstances should be taken into account when determining how the law applies to you.

If you need help to understand the simplified liquidation process, you should consider engaging a suitably qualified adviser, such as a financial counsellor, accountant, lawyer or registered liquidator.

Overview of simplified liquidation

Simplified liquidation process for creditors’ voluntary winding up

More information