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Supporting Australians experiencing financial distress due to COVID-19

Eliminate business debts

Company Liquidation

As a company director, you know when your business is facing financial distress. If your company has too much debt, you’re worried you may be trading insolvent and can’t see the company operating in the future – liquidating your company will wind up its affairs quickly and help you get back on track.

Company Liquidation is the process of selling all assets the business owns, paying off creditors and dissolving the business. Liquidation hands the control of your business over to a Registered Liquidator and is an act of insolvency. As a company director, you will no longer have a say in how your business is run and it will be wound up as fast as possible.

By engaging us at Lanyana Financial Group, you can take a step back from your company and breathe easy while our experts work out the best way forward. Appointing us as your Registered Liquidator will mean we will work with you to extract the most value from any remaining assets.

When a business goes into Liquidation in Australia, it’s usually the result of long-term financial difficulties. The quick and effective strategy of Company Liquidation helps its directors comply with their statutory duties and avoids the risks of insolvent trading.

We can help your business step out of the mess. Get in touch with our business debt experts today and see which option is right for you and your circumstances.

Depending on your circumstances

Types of Liquidation

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Creditors Voluntary Liquidation

Creditors Voluntary Liquidation (CVL) is initiated by a business’ shareholders. The Liquidator’s appointment can be made very quickly, the process is straightforward and it provides the best outcome for your company, its creditors and the directors.

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Members Voluntary Liquidation

Members Voluntary Liquidation (MVL) is initiated by a company’s director and shareholders. For your company to be wound up by MVL, a Declaration of Solvency must be agreed upon by the majority of your company’s creditors.

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Court Liquidation

Court Liquidation is an involuntary process where a creditor or shareholder applies to the court to commence winding up proceedings of your company. This commonly occurs when your business is issued a Statutory Demand and it has been left unpaid.

“The person handling my case was compassionate, non-judgemental and extraordinarily patient with me. Thank you.” - Sophie

Focus on what matters most

Benefits of Company Liquidation

Company Liquidation gives you the chance to get closure, alleviate stress and move on with your life.

  • You’ll get to choose the liquidator – one who really wants to help you resolve your situation.
  • All creditor harassment will stop, including any further legal action.
  • Any remaining unsecured debts not personally guaranteed will be written off.
  • Liquidation eliminates the chance of breaching your director duties.
  • You’ll avoid any personal liability and trading insolvent risks.
  • Enables staff to claim redundancy pay through the Fair Entitlements Guarantee (FEG).

If you’re worried about trading insolvent, we can help liquidate your business quickly so you can breathe again.

What really counts

The Lanyana Difference

Lanyana Financial Group is a specialist financial company helping people move forward financially. We support Australian businesses and individuals with debt management and lending solutions.

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Diversity

We offer an inclusive environment for all staff which is accepting of their differences, embraces their strengths and provides opportunities to achieve their full potential.

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Holistic

We provide a holistic approach to financial freedom. We can help all Australians, no matter their situation and guide them through their solution from start to finish.

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Australian Owned

Lanyana Financial Group is proudly Australian owned and operated. With a focus on customer service, our caring staff are always available to speak with our clients.

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Tailored

We pride ourselves on offering tailored financial solutions to help Australian’s move forward financially. No two people are the same and neither are our solutions.

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Transparent

Clear, unhindered honesty in the way we do business. In a time of financial hardship, our clients need reliable advice, clear information and respect. That’s what we offer.

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Professional

Lanyana Financial Group is committed to professionalism. We maintain our integrity in our interactions with our clients, their creditors and our corporate partners.

“Very friendly helpful staff who assisted me in every way they could, great communication and all enquiries were answered quickly. I would recommend their services to anyone needing them.” - Jack

They're good

Our Articles

Not sure if Company Liquidation is the right solution for your business? Read more about liquidation and how it works in our articles below.

The Simple Guide to Liquidation

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Deregister or Liquidate - Which is Best for You?

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The Liquidation Process and Reasons for Appointing a Liquidator

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Lanyana Financial Group are experts at solving complex financial situations for Australian businesses. If you’re experiencing financial difficulties, we’re here to help.

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