members voluntary liquidation

LATEST NEWS

How A Business Goes From Thriving To Liquidation

How A Business Goes From Thriving To Liquidation

Menzies Advisory works alongside various stakeholders including business owners, accountants and lawyers. When a company collapses a Liquidator is often appointed to guide everyone through the wind up process. Since 2017, Mr Michael Caspaney of Menzies Advisory has been appointed Liquidator of Queensland One Homes Pty Ltd (In Liquidation) when it was placed into liquidation […]

READ MORE

Q1 Homes quizzed on reliance of ‘future work’

Q1 Homes quizzed on reliance of ‘future work’

When companies collapse, there are often investigations into their recent finances to understand what happened to lead to their insolvency. On October 1st, Queensland One Homes was under scrutiny in Brisbane’s Federal Court, which collapsed in 2017 with over $5.8 million in debt. Menzies Advisory has been working with Q1 Homes since 2017 as their […]

READ MORE

Menzies Advisory Appointed Special Purpose Liquidator After Construction Company Collapses

Special Purpose Liquidator

Creditors are often left out of pocket when companies collapse, especially large ones. National Australian Bank is now being sued by many creditors for $74 after the collapse of a large construction company, Walton Construction. Michael Caspaney, of Menzies Advisory, is the Special Purpose Liquidator who has been appointed to look into the relationship between […]

READ MORE

Company Liquidation Leads To Unpaid Employee Wages

Company Liquidation Leads To Unpaid Employee Wages

When a company goes into liquidation, employees are often left without their hard-earned wages. But the Australian government has a guarantee in place to cover these funds when Australian businesses can no longer pay their dues. Menzies Advisory was brought in to assess the stores which were owned by Doughnut Time and identify whether or […]

READ MORE

News & Useful Links

READ MORE

Is Liquidation Your Only Option?

voluntary administration

Is your company operating at a loss? Are you heading for insolvency and unsure what to do to turn your business around and make it profitable again? Before you enter voluntary administrative or liquidation measures, there may still be a chance to save your company. A comprehensive corporate evaluation by the expert accountants and liquidators […]

READ MORE

What is a Director Penalty Notice

specialist liquidator

The Australian Tax Office (ATO) is able to send a Director Penalty Notice to a company director which makes the director personally liable for two company tax debt types. Company directors can become liable for Pay As You Go tax (PAYG) and Superannuation Guarantee Charges (SGC) through a Director Penalty Notice. This article offers directors […]

READ MORE

The Impact of Legal Trouble on Solvency

to liquidate a company

Some companies become insolvent due to poor business plans, a decline in market demand or bad management. Other companies may find themselves in legal difficulties which consume vital cash flow and lead to a company being unable to pay their debts and subsequently being forced into external administration. If your company finds itself embroiled in […]

READ MORE

Benefits of External Administration

insolvency and bankruptcy

Sometimes shareholders and company directors decide to cease trading despite the continued viability of the company. When this decision has been made, it is best to bring in external administrators to complete the Members’ Voluntary Liquidation process. By hiring qualified and experienced professionals, the process of finalising all company affairs, deregistering your company and the […]

READ MORE

Registered Liquidator Explained

certified practising accountant

Registered Liquidators are experienced accountants, licenced and regulated by the Australian Securities and Investments Commission (ASIC). They are appointed to take over the running of insolvent or failed companies and oversee the final period before all affairs are finalised and the trading body is dissolved. Registered Liquidators must be appointed in the event of a […]

READ MORE