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 liquidation · statutory demand · section 459e · winding up · federal court · asic · insolvent · company winding up · insolvent company · statutory demand unpaid · company liquidation court · creditor petition · section 459e demand · company insolvency · federal court liquidation · business closure court order · company administration · creditor claim company · wind up company · company · bankruptcy
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