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Information about insolvency for companies and their directors



Insolvency: a guide for directors
Your role in assisting insolvency practitioners
Forms lodged with ASIC
Bankruptcy and personal insolvency agreements
National Insolvent Trading Program
Data matching program between ASIC and ITSA
Find out if a liquidator is registered
More information for creditors, employees and shareholders

Insolvency: a guide for directors
If you're a director whose company is in financial difficulty or insolvent, read our guide for directors.

You can also find out more about the three most common insolvency procedures: voluntary administration, liquidation, and receivership.

Your role in assisting insolvency practitioners
As a company officer you must assist any insolvency practitioner (liquidator, receiver, controller or administrator) who has been appointed to your company. You must provide reports as to affairs (RATAs), records, information and other assistance.

Forms lodged with ASIC
What are the most common forms lodged with ASIC during the course of the external administration?

Bankruptcy and personal insolvency agreements
What happens to you as a director, alternate director or secretary if you are bankrupt or subject to a Part X arrangement?

National Insolvent Trading Program
ASIC's National Insolvent Trading Program is a focused approach to dealing with possible insolvent trading before it occurs. It involves a review of a company for the purposes of ensuring compliance by directors of their duties as set out in section 180 of the Corporations Act 2001 and directors' duties to prevent insolvent trading under section 588G of the Act. Find out more about the program

Data matching progam between ASIC and ITSA
This program matches information from the ASIC public database with information from the Insolvency and Trustee Service Australia's public database, the National Personal Insolvency Index, to identify persons automatically disqualified from managing corporations. The results of the program will be used by ASIC to investigate possible breaches of the law. Find out more about the program

Find out if a liquidator is registered
Liquidators must be registered with ASIC. Find out if a company liquidator is registered by searching our database.

More information for creditors, employees and shareholders
Media releases on insolvency

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