Info on a company gone into liquidation.
- Thread starter Brian84
- Start date
Little chance but a possibility. Contact the liquidator.
dam, your best bet may be to try get something registered on the PPSR... really not sure if it is possible but I think it could be. Then you need to contact the liquidator to take possession of the goods.
otherwise lodge your claim with the liquidator,but the process in ths country is seriously hopeless, you can pretty much assume the only person getting your cash will be the liquidator
otherwise lodge your claim with the liquidator,but the process in ths country is seriously hopeless, you can pretty much assume the only person getting your cash will be the liquidator
Its seriously annoys me that this is allowed to happen.
The owner knows the store is likely to go into liquidation yet they continue to keep taking money off people with no promise to deliver.
Almost happened to me, I bought and paid for $1000 worth of LED downlights. The shop kept saying they hadn't come in yet. I kept annoying them on a weekly basis and they finally gave me the lights. A month later they closed up shop.
The owner knows the store is likely to go into liquidation yet they continue to keep taking money off people with no promise to deliver.
Almost happened to me, I bought and paid for $1000 worth of LED downlights. The shop kept saying they hadn't come in yet. I kept annoying them on a weekly basis and they finally gave me the lights. A month later they closed up shop.
we're probably only talking about a few grand tho, an insolvent trading action would cost $150k at least do you think? and very unlikely to succeed. and if it does the directors have probably injected everything they had into the business already, or have all assets well and truly tucked away
I'm no lawyer but isn't it also a criminal offense if found to be trading while insolvent? This is what I heard..
Yep, this works far better than trying to get hold of liquidators. My folks bought 3 lounges, company went into liquidation and credit card company refunded. Went quite smoothly.
Not necessarily. A letter of demand to a director may result in an offer. But I wonder if this could be classed as a preference payment in that case.
I don't think so, if a director wants to pay people personally I think they can do that.
note you do need permission from the liquidator to pursue a claim. doesn't stop you sending a bluff letter tho. you will need to get them to stop from deregistering the company once their work is done
No, it is well defined in the corporations act - something like not being able to pay due when they fall due.
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