Receivership vs Liquidation vs Administration Explained ⚖️
Автор: Insolvency Group
Загружено: 2025-08-18
Просмотров: 5
Описание:
When a company is in financial distress, it may face receivership, liquidation, or administration — but these processes are very different.
🔑 Key differences:
✅ Receivership – Triggered by a secured creditor. A receiver sells assets to recover debt. The company may continue trading.
✅ Liquidation – Winds up the entire business, sells all assets, and closes the company permanently.
✅ Voluntary Administration – An independent administrator tries to rescue the business or secure the best outcome for creditors.
✅ Who benefits – Receivers act mainly for secured creditors, while liquidators and administrators act for all creditors.
✅ Only liquidation ends the company’s existence.
Understanding these differences helps directors and creditors make the right decision in times of financial crisis.
The Insolvency Group provides expert advice on which process best suits your situation.
📞 Free confidential advice: https://insolvencygroup.com.au
#Receivership #Liquidation #Administration #BusinessRecovery #InsolvencyHelp #shorts
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