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Good points, does anyone else who have been through this think the liquidators are totally crook? I mean who actually polices these guys? When a company goes under they send out all their papers outlining what they are going to do etc. They send a schedule of rates detailing what they charge for...

Don't worry about scheme's, cut a deal and high tail it out of there. :cool:

This is the most important bit. In the past I even cut deals with company's I had a feeling were going under that owed me money, took 50, 70, 80% whatever. Sometimes they will go for this because they delude themselves into thinking it will be one less bill to pay eventually... Sometimes I...

True but generally to grow a business you need to take on debt to expand and that debt is a lot of the time secured with the directors assets. Velohead, It's never fun to be involved in liquidation but you will likely come out of it ok as employee's entitlements and secured creditors (the...