INSOLVENCY
We work with our trusted partner to provide insolvency and administration services.
DO YOU KNOW YOUR OBLIGATIONS???
If Directors of a company are of the opinion that their company is insolvent or is likely to become insolvent at some future time, then the Directors should resolve to appoint a Voluntary Administrator. Failure to do so may result in the Directors becoming personally liable for insolvent trading.
BANKRUPTCY
Unlike companies, when an individual becomes insolvent, their insolvent estate is usually resolved through bankruptcy. An insolvent person may declare themselves bankrupt, otherwise, a creditor may apply to Court for an order declaring a person bankrupt due to an unpaid debt. Accordingly, we are appointed Trustee in Bankruptcy either by the Court or by the Insolvent individual nominating us.
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03 7037 6059
Info@bonconseil.com.au