Winding Up Application (Insolvent Company)
Apply to court to wind up a company that has failed to comply with a Statutory Demand or is otherwise insolvent. A liquidator is appointed to sell assets and distribute funds to creditors.
Official source
fedcourt.gov.auRelated topics
winding up · wind up · liquidation · insolvent · company · creditor · statutory demand · liquidator · federal court · company going under · business collapse · insolvency · creditor claim · asset liquidation · court ordered liquidation · company debt · business failure · abn · asic · bankruptcy · debt agreement
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