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 upwind upliquidationinsolventcompanycreditorstatutory demandliquidatorfederal courtcompany going underbusiness collapseinsolvencycreditor claimasset liquidationcourt ordered liquidationcompany debtbusiness failureabnasicbankruptcydebt agreement
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