Articles on Liquidation

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About 23,000 companies went out of business in 2017. Reuters/Nick Zieminkski

How corporate bankruptcy works

A bankruptcy filing always means there's not enough money to go around, but the process ensures both debtors and creditors are protected.
Voluntary administration has been the widely-used step in efforts to prevent a company being dissolved. Image sourced from www.shutterstock.com

Is it time to reform the cornerstone of Australia’s insolvency regime?

Voluntary administration was considered a state-of-the-art rescue procedure for struggling companies in 1993. But is is time for another wide-ranging review of our insolvency laws?

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