A No Asset Liquidation is when your company has no assets but still needs to be liquidated.

So when is No Asset Liquidation appropriate?

In most cases a company must be liquidated when there are no assets remaining in the company to pay a liquidator. So what happens during the liquidation process? Insolvency Professionals have put together Australia’s cheapest No Asset Liquidation package to make the process a lot lesser financial burden.

We have reduced the cost for directors so when liquidation is required we would normally recommend a Creditors Voluntary Liquidation, or “CVL”, which is fast, simple and reletivaly inexpensive. In many cases a No Asset Liquidation is less complicated and so Insolvency Professionals can offer their customers a package special designed to be low-cost and easy to initiate in fact we guarantee at $4950 this.

It is appropriate when a company:

1. Needs to be liquidated.
2. No longer trades.
3. Has no assets.
4. Have fewer than 25 creditors.

Our No Asset Liquidation Package Includes;

1. Free telephone advice to ensure a CVL is the correct solution.
2. A Fixed Fee quote for all standard liquidation services.
3. Our Guarantee to the Directors that the only fee they will be liable for is the Fixed Fee.
4. Preparation of the Appointment Package which includes all pro-forma directors meeting, shareholder meeting and other legally required documentation.
5. Assistance in the conduct of the Directors’ and Shareholders’ Meetings.

What does the No Asset Liquidation Package cost the directors?

If there are no assets in the company then the prospective liquidator will ask the directors for an amount to be paid to a Trust Account to cover the costs and outlays associated with the liquidation.

No Asset Liquidations by Insolvency Professionals will save you time, money and stress please contact us on 1300 238 879 for further assistance or more information and remember If you can obtain a cheaper quote elsewhere we will beat it.

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