Liquidation doesn’t have to mean the end. If other restructuring options aren’t available, there are still ways a business can be saved.
ATO debt climbing? Directors asking whether they should shut down? If you’ve ever sat with a small business client and wondered, “Is liquidation the right step?”, join us for this webinar on 24 September.
Registered liquidators Jarvis Archer and Des Byron from Business Reset will give you a practical walkthrough of how liquidation works in Australia, when it’s the right option, and what accountants can do to prepare their clients.
You’ll see how to determine when liquidation is the most appropriate option to deal with debts, how a business can be saved even if a company needs to close, understand the key steps in a Creditors’ Voluntary Liquidation (CVL), and give practical guidance to directors through a process that can otherwise feel overwhelming - all while protecting yourself and strengthening your role as a trusted advisor.
What We’ll Cover
Key factors that make liquidation the right option.
Differences between CVL, MVL and court liquidation.
Practical steps directors should take before liquidation.
What happens on Day 1 and through to completion.
Roles and responsibilities of the liquidator, directors and accountants.
Personal liability risks for directors (DPNs, guarantees, loan accounts).
How a business can be saved if other restructuring options aren’t available.
Practical steps for accountants to prepare records and reduce their own risk.
Case examples.
What You’ll Learn
How to recognise when liquidation is unavoidable.
How to explain the process clearly to clients.
Practical tips for preparing clean records and managing expectations.
How to protect yourself from risk while supporting directors.
Why liquidation doesn’t always mean the end - and how it can be a fresh start.
