Will the company liquidation affect my personal credit rating?

If your company has been placed your company into liquidation this event will be recorded on ASIC’s database.  If one pays for a personal name search, the company liquidation will show up on the search. This listing should, however be removed when the liquidation has been completed.
 

How will this affect any application for finance?

If you have a company which is in liquidation and you need to refinance your personal assets or you are seeking additional personal finance andthe new financier is concerned about the company liquidation, then you can ask the liquidator if they would be prepared to issue a letter to state whether or not they have any objections to you obtaining additional personal finance.  A liquidator would only consent to providing this letter if they have no claim against you as the company director.  If the liquidator has a claim against the company directors then it is unlikely they would be prepared to write such a letter.
If you would like to discuss more about how a company liquidation may affect your personal credit rating, then call the Australian Company Liquidators on 1800 731 155.

The information provided in this site is general in nature and should not be relied upon for your specific circumstance. Call us on 1800 731 155 for a free initial consultation to discuss your specific issues.

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