Insolvency information for directors, employees, creditors and shareholders
If you're a director, employee, creditor or shareholder who's affected by a company's insolvency, find out what's involved by reading our insolvency information sheets. These will give you a basic understanding of the three most common company insolvency procedures:
voluntary administration
liquidation, and
receivership.
There's also a glossary of commonly used insolvency terms.
The Insolvency Practitioners Association of Australia (IPAA) endorses these publications and encourages its members to make their availability known to people affected by the insolvency of a company.
You can download a copy of the following insolvency information sheets as PDF files:
ASIC has also issued a list of these information sheets. ASIC asks practitioners to provide a copy of this list or of the relevant information sheet(s) to those affected by a company's insolvency. Download a copy of the list of insolvency information sheets
For a copy of the IPAA's Statements of Best Practice, which are applicable to IPAA members, go to the IPAA website at www.ipaa.com.au/bestpractice.
