An insolvent company is one that is unable to pay its debts when they fall due for payment. There are three common corporate insolvency procedures for an insolvent company:

  • liquidation
  • voluntary administration
  • receivership.

Read about the difference between liquidation, voluntary administration and receivership.

Australian Securities and Investments Commission

Find out how insolvency of a company affects you depending on your role in the company.

AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION