Insolvency

Insolvency

Insolvency Guardian specialises in delivering the most affordable and efficient insolvency services to Australian individuals, families and companies. Insolvency Guardian provides free advice to all of its clients because we know that if you are facing insolvency, you have enough stress in your life without worrying about how you are going pay for an expert’s advice. We provide these services because getting out of debt should not be an expensive and time consuming exercise.

What is Insolvency?

Insolvency is the inability of a debtor to pay their debt.

What is Personal Insolvency?

Personal insolvency or bankruptcy is for individuals who are insolvent, a technical term which means that they are unable to pay their personal debts to their creditors. You can find out more about more about our Personal Insolvency services and Bankruptcy on this site.

What is Corporate Insolvency?

Corporate Insolvency occurs when a company is no longer able to maintain its financial commitments as and when they fall due. Continuing to trade while insolvent or insolvent trading is illegal. Both the business and its directors can be punished by the law for knowingly trading while insolvent. You can find out more about more about our Corporate Insolvency services and Company Liquidation on this site.

What is Insolvent Trading?

“Insolvent Trading” or “Trading While Insolvent” occurs when a company is unable to pay its commitments and yet continues to trade and to incur new liabilities. In this scenario, directors of the company can be personally liable for the new debts. You can find out more about more about Insolvent Trading and Director’s Penalty Notices on this site.

Insolvency Guardian provides the above information as a guide.  If you require specific information related to your circumstances please call us on 1300 60 70 60 now