Maximising value for stakeholders
McGrathNicol has conducted numerous liquidations of insolvent companies. Liquidations may be commenced by resolution of the shareholders, by Order of a Court following a creditor’s petition or by creditor determination following a Voluntary Administration.
We have significant experience in each form of liquidation. Protecting assets, realising value, managing creditor claims and, where it is appropriate, pursuing recoveries available only to liquidators are key elements of successful liquidations.
It is our practice as Liquidators to communicate promptly and effectively with creditors and to work collaboratively with Creditors Committees and corporate regulators.
In relevant circumstances we conduct investigations into antecedent transactions and undertake litigation to recover company funds or assets. Managing litigation costs effectively is an important part of this process.
McGrathNicol has excellent working relationships with Australia’s and New Zealand’s corporate regulators, including ASIC, APRA and FMA.