If you are a director of a company and it goes into liquidation (either you placed it into liquidation on a voluntary basis or the court ordered for it to be wound up) you will have obligations to the liquidator. These obligations include, but may not be an exhaustive list:
- To attend the first meeting of creditors;
- To provide a Report as to Affairs to the liquidator what is a Report as to Affairs
- To provide the company’s books and records to the liquidator what books andrecords will I need to deliver to the liquidator?
- To attend to any request from the liquidator. In this regard the director has an obligation to assist the liquidator, which may include providing information, explaining the nature of the company’s business or the nature of a transaction which the company entered into.
For this reason it is important that you select a liquidator that you believe you will be able to work with. Our registered company liquidator is professional and will work with the company directors in a co-operative manner. Call us today on 1800 731 155 if you want to discuss what may be expected of you as a company director if you place your company into liquidation.
The information provided in this site is general in nature andshould not be relied upon for your specific circumstance. Call us on 1800 731 155 for a free initial consultation to discuss your specific issues.