Members’ and creditors’ voluntary liquidation – purpose and liquidator powers

Company shareholders are able to resolve by special resolution (75%) that their company be placed into voluntary liquidation pursuant to section 491 of the Corporations Act. This may occur because the company is insolvent, and directors wish to avoid any potential insolvent trading claims against them personally, or the business Read more…

Voluntary liquidation – terminating the liquidation and returning control to the directors

There are many reasons why a liquidation may be terminated and control returned to the company’s directors. These include director error liquidating a holding company, retrieving tax losses associated with that particular company or retrieving an asset registered in that company name, or failure to respond to a Creditor’s Statutory Read more…

Michael Stevens

Lawyer

Michael specialises in personal and corporate insolvency, commercial contract advice, dispute resolution and debt recovery. He also assists clients with commercial and residential property needs, which includes conveyancing, leasing and caveat advice.

Michael acts for banking institutions, large and small corporations, accountants, liquidators, bankruptcy trustees and individuals.

Renee Stevens

Lawyer

Renee works with clients to prepare contract documents essential to their business, such as terms of trade, director guarantees and sub-contractor agreements. She assists clients with the preparation of wills, powers of attorney, guardianship documents, probate applications and the administration of estates. She also looks after clients' conveyancing needs, assisting with the sale and purchase of properties.