Information on Corporate Insolvency


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Information on Corporate Insolvency

These information sheets have been produced by ASIC and ARITA to assist you if you are affected by a company’s insolvency.

They are written to give directors, employees, creditors and shareholders a basic understanding of the most common company insolvency, liquidation, voluntary administration and receivership.

Please note this is for general guidance only. Many of the terms have a specific technical meaning in certain contexts that may not be covered here.

Click on the links below:  

Voluntary administration – a guide for creditors:  Voluntary administration for creditors
Voluntary administration – a guide for employees: Voluntary administration for employees
Liquidation – a guide for creditors: Liquidation for creditors
Liquidation – a guide for employees: Liquidation for employees
Receivership – a guide for creditors: Receivership for creditors
Receivership – a guide for employees: Receivership for employees
Insolvency – a guide for shareholders: Insolvency for shareholders
Insolvency – a guide for directors: Insolvency for directors
Insolvency – a glossary of terms: Insolvency a glossary of terms
Approving fees – a guide for creditors: Approving fees for creditors

Creditor rights – liquidation: Creditor rights liquidation
Creditor rights – voluntary administration: Creditor rights voluntary administration
Remuneration of an external administrator: Remuneration
Proposals without meetings: Proposals without meetings
Committees of Inspection: Committees of Inspection
Offences and recoverable transactions in a voluntary administration:  Offences and recoverables