Appointing liquidators

When a company is wound up, a liquidator is usually appointed to oversee the winding-up process.

A liquidator can be appointed by the company, its members, its creditors or the Court.

The company must cease carrying on business unless the liquidator decides the company needs to continue trading to facilitate its winding-up.

Liquidation is the process by which the assets of a company are collected and realised by a liquidator. The resulting proceeds are applied in discharging the debts and liabilities of the company by the liquidator. Any balance which remains after paying the costs and expenses of winding up is distributed among the members according to their rights and interests, or otherwise dealt with as the constitution of the company directs.

The liquidator effectively becomes the company’s agent, turning the company’s assets into cash, taking custody of and disposing of its property.

We can recommend liquidators with whom we work and provide their costs estimates to you. 

We provide fixed prices for advising on appointing a liquidator.

Our rates and fixed prices are lower than the prices charged by many Perth Commercial law firms because we own our offices so we don't pay the exorbitant St George's Tce rent that many commercial law firms do.  

Further information can be found here regarding our fixed fees.