Court Liquidation (Winding Up by Court Order)
Form number: Form 7 / 8 (FCR)
A creditor (or a contributory or ASIC) applies to the Federal Court or a State Supreme Court for an order winding up an insolvent company. Most common trigger: a Statutory Demand under section 459E that has gone unpaid for 21 days, creating a presumption of insolvency.
Official source
asic.gov.auRelated topics
court liquidationstatutory demandsection 459ewinding upfederal courtasicinsolventcompany winding upinsolvent companystatutory demand unpaidcompany liquidation courtcreditor petitionsection 459e demandcompany insolvencyfederal court liquidationbusiness closure court ordercompany administrationcreditor claim companywind up companycompanybankruptcy
Related forms
- ASIC Form 484 — Notification of Company ChangesForm 484
- ASIC Form 6010 — Voluntary Deregistration of a CompanyForm 6010
- ASIC Form 524 — Presentation of Accounts and Statement (Winding Up)Form 524
- Members Voluntary Liquidation (MVL)Form 520 / Form 205
- Creditors Voluntary Liquidation (CVL)Form 205 / Form 509
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