Liquidation is the process of winding up a company's affairs whether solvent or insolvent to bring its existence to an end.

As the name suggests, the appointment of a Liquidator under this scenario is via an Order of the Court. For a Liquidator to be appointed, valid reasons must be proven to the Court. The instigation of the Court action may come from various parties including Creditors of the company, Shareholders of the company or Directors of the company.

For further information regarding Liquidation, please see the booklet available for your review or visit "ASIC".