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Insolvency
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.
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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 and Investments Commission