Consent to Act as Official Liquidator

An Official Liquidation is an appointment made by a Court. In most cases an Official Liquidation is sought by a creditor of the company. The process will usually have been as follows:

• A creditor will have served a Statutory Demand on the company to pay a debt pursuant to section 459E of the Corporations Act
• Failure to pay the money demanded in the Statutory Demand means there is an “assumption at law” that the company is insolvent;
• An application will then have been made to the Court to have the company wound up.

That process can take several months.

The creditor will usually have used a Lawyer in the above process and that lawyer, prior to the Application to Court will have requested a Consent to Act from an Official Liquidator.

Insolvency Solutions Group has a registered Official Liquidator, being Clifford Sanderson. He has been an Official Liquidator since 1997 and conducted hundreds of liquidations.

If you need a Consent to Act please have your lawyer contact us . Our policy is that we seek no up-front fee to act as Official Liquidator.

If you would like to learn more about Liquidation, please access our full Liquidation guide created by Insolvency Solutions Group’s specialists explaining this in detail.