Insolvency
Last Updated: 24 May 2021
Learn about the insolvency options for your company.
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.
Find out how insolvency of a company affects you depending on your role in the company.
AUSTRALIAN SECURITIES & INVESTMENTS COMMISSION
Read about the difference between liquidation, voluntary administration and receivership.
Australian Securities and Investments Commission
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