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Insolvency - overview



This section has information to help you make decisions when dealing with insolvency and external administrations (eg voluntary administrations, liquidations, receiverships).

An insolvent company is one that is unable to pay its debts when they fall due for payment.

The information in this section is not legal or other professional advice. We encourage you to seek your own professional advice to find out how the Corporations Act and other applicable laws apply to you, as it is your responsibility to determine your rights and obligations.

Examples in this section are purely for illustration; they are not exhaustive and are not intended to impose or imply particular rules or requirements.



For directors

What to do if your company is in financial difficulty, your role in external administration and more.

For creditors

What are your options if a company is in financial difficulty, your rights as a creditor when a company is in external administration and more.

For employees

What are your options if your employer is in financial trouble, your rights in external administration, General Employee Entitlements and Redundancy Scheme (GEERS) and more.

For investors

How does external administration affect me if I have invested in debentures or a managed investment scheme?

For shareholders

How does external administration affect shareholders?

For liquidators

How to register as a liquidator. Your ongoing obligations, including reporting, how to lodge documents and more.

Resources

Additional insolvency resources, including statistics and insolvency information sheets.


Quicklinks


What is insolvency?
Insolvency terms
Check if a liquidator is registered
Check if a director is disqualified
Financial tips and safety checks
Latest insolvency statistics
Ask us a question
What if I have a complaint?
Give us your feedback





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