‘Winding up’ is the process preceding the liquidation of a company and extinguishment of its existence. A company can be wound up voluntarily, that is, the company’s members can willingly decide to terminate and deregister a solvent company by special resolution (for example, in circumstances where the company is no longer of any purpose or use). On the other hand, a ‘winding up application’ can be made to the Court by a creditor or other authorised person to have a company wound up compulsorily if it is insolvent. Our Sydney Insolvency Lawyers have extensive experience acting on both sides of the balance sheet, assisting both creditors and debtors deal with all aspects of winding up applications and winding orders, including the preparation of statutory demands.
Regardless of whether you are a company facing a winding up application, or a creditor seeking a winding up order, our formidable Insolvency Solicitors have the expertise and professionalism to help you deal with your matter. Our leading Insolvency Solicitors have also assisted companies initiate a voluntarily winding up.
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