|
If your business is insolvent, it’s essential to understand how to liquidate a company in Penrith. Liquidation involves appointing a registered liquidator to take control, sell assets, and distribute funds to creditors. This process ensures compliance with Australian law and helps directors avoid penalties for insolvent trading. For construction businesses, a Penrith liquidator for construction company provides industry-specific expertise. Alternatives may include a small business restructure or voluntary administration, depending on the scale of debts. To protect yourself personally, seek advice on whether bankruptcy help Penrith may also be relevant. Taking action early is the best way to minimise financial and legal risks.
|