Deal with debts the right way
Save your business by locking away debts and starting fresh, or close and hand over. For company debt, liquidation is often the best option.
Move on without the stress of mounting debt
Why company liquidation can be the best option
No eligibility criteria
Any company can go into liquidation, regardless of outstanding ATO returns, out of date books, or debt level. There are no strict rules to meet first.
No creditor approval hurdles
You don’t need creditors to vote or agree — once appointed, the liquidator takes control and the process moves forward.
Often cheapest, most certain option
Compared to other options, liquidation usually costs less and gives directors a clear end point with certainty.
Media we've been featured in
We’re trusted voices in the industry and regularly called on for commentary about small business insolvency in Australia.
What is liquidation?
Liquidation is the formal process of closing a company that can’t pay its debts.
A registered liquidator takes control, deals with creditors and legally finalises its affairs.
The process ensures everything is handled fairly, protects you from ongoing creditor pressure, and allows you to move on with confidence.
Want to save your business? You can buy back your company assets before, or after you start the liquidation.
Why directors choose Business Reset for liquidation
We explain everything clearly, in plain language.
Fixed-fee pricing
Fixed-fee pricing for straightforward cases – avoid blowouts.
Free initial review
Thorough free review and advice before starting - no surprises.
Support, empathy
A supportive process that helps directors move forward with confidence.
Fast turnaround
Our process usually takes 3-6 months, not many months or even years as they often do with others.
Why acting fast matters in liquidation
When your business can't pay debts when they are due, waiting only makes things harder.
Creditors may take legal action
If unpaid, creditors can chase debts through the courts, adding costs and stress on top of what you already owe.
ATO may issue winding-up notice
The ATO can apply to close your company through the courts, leaving you with fewer choices and higher risk.
Trading on risks director bankruptcy
Continuing to trade while insolvent can expose directors personally, with claims that may follow you beyond the company. This puts personal assets, such as the family home, at risk.
Early advice gives you more control
Getting advice early gives you more control, helps protect your position, and ensures the process is handled properly.
Don't make this common mistake
Why many directors delay their decision to liquidate
Many directors delay liquidation because they:
Hope things will improve even when debts keep building.
Worry about staff, customers, and unfinished jobs.
Fear losing their house if they stop trading.
Think that getting help is giving up.
Don’t know what liquidation actually involves.
The reality is that closing a company through liquidation is often the cleanest way to deal with debts and reduce ongoing stress.
Why delay when it costs you nothing to have a chat?
Is liquidation right for your company?
You may need liquidation if:
You want the cheapest, most certain way to keep your business or assets.
Your Small Business Restructure (SBR) was rejected or an SBR isn’t a good option.
The company has stopped trading or can’t keep trading.
Creditors are demanding payment you can’t meet.
You’ve received an ATO statutory demand, winding-up notice, or Director Penalty Notice (DPN).
There are no realistic prospects of turning the business around.
If this sounds like your situation, liquidation may be the best path forward.
How liquidation works in three simple steps
Free consultation
We review your financials, discuss your situation and explain your options. This is us doing the initial groundwork, at no cost to you, and there's no obligation to proceed.
Appointment paperwork
After understanding your options, if you decide to proceed with us, we send you the documents for easy on-screen signing, and we then lodge them with ASIC.
Liquidation process
We take over, deal with creditors, and finalise the company’s affairs. It's a simple process for you personally, and most liquidations are completed within 3–6 months.
What does liquidation cost?
For small companies with no assets, liquidation can usually be done for a fixed fee.
This ensures there are no hidden surprises and you know exactly what the process will cost before proceeding.
We’ll confirm the fee in your initial consultation.
Running some numbers past you
1st
Australia's No.1
Our liquidator, Jarvis Archer, was 1st in Australia for company insolvencies in 2024 and 2025 financial years.
5-star
Google Reviews
Every Google Review we have received to date from clients and referrers has given us a 5-star rating.
$0
to start the process
We analyse your situation in-depth before providing recommendations for action. This costs you nothing.
Here to help you understand your options
You’ll be guided by experienced insolvency professionals who specialise in small business solutions.
Steve McAllister
Head of Customer Engagement
In his relaxed manner, Steve guides company directors to understand their options when they're struggling with issues including cash flow, potential insolvent trading, and ballooning ATO debts.
Jarvis Archer
Restructuring Practitioner / Liquidator
Jarvis is known for his down-to-earth and relatable approach. He's a straight talker who isn't afraid to ask company directors the tough questions that lead them to clearer decisions and better outcomes.
Des Byron
Head of Insolvency
Des has been a senior insolvency advisor for more than 16 years. As a registered liquidator and leader in our team, Des helps clients navigate tough times and come out the other side.
When your company is insolvent, or is on the brink of insolvency
Comparison of your options
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Keep trading
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Restructure
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Liquidation
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Deal with ATO debt
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Stop creditor pressure
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Keep the business
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Close the company
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Often cheapest & most certain
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We'll give you the facts for you to decide which way to go.
Common questions about liquidation
FAQs
A: Generally no, unless you have personal guarantees, unpaid super, or an expired or lockdown Director Penalty Notice.
A: Employee entitlements, excluding super, are paid by the government’s FEG scheme if the liquidator can’t. Creditors are dealt with through the liquidation process.
A: Yes, there is no impact on you being a director. Many directors go on to run successful new ventures.
Let's have that free initial chat
Delays can cost you and reduce your available options. Call now.
