Analyze the effects of liquidation on the liquidating corporation dating vietnam 2016

Rated 3.92/5 based on 852 customer reviews

Most commonly that would be an insolvent trading action.

Effect on credit rating Credit reporting agencies do keep track of companies that enter liquidation and the names of the directors of those companies.

ASIC has helpfully published a report called “ASIC Enforcement Outcomes July to December 2013”.

So overall, if you are a director of a company facing liquidation, there are some things to worry about, but it is probably not as bad as you fear.

Kirsten Robb is a former journalist at Smart Company.

For example, if you are applying for a credit card or a personal loan from a Bank then it is unlikely to be noticed or become an issue.

If, however, you are going for a business loan then it is much more likely to come to light.

Leave a Reply