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Insolvency

The key to avoiding insolvency is to seek professional help as soon as the first signs of difficulty appear. The experienced professionals at Hancocks Chartered Accountants can assist in identifying problem areas and suggest solutions to improve the position of the company. Timely, expert advice could save your business from liquidation or receivership.

Receivership entails someone being appointed to raise funds within the company to repay a financier. Liquidation becomes necessary when so many of the company assets are sold that it cannot continue its daily business. A liquidator disposes of all the company assets, repays the creditors, and the company ceases to exist.

In the event that liquidation or receivership are necessary, Hancocks Chartered Accountants has the required experience and skills to assist. If your business is struggling under financial and operational difficulties, proactive and insightful action is vital to avoid, or at least minimise, the ramifications. Contact us today for an appointment and expert advice to assist with your situation.

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Tamworth Office

82 Brisbane Street
Tamworth, NSW 2340

Phone 02 6766 4716
Fax 02 6766 8155
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Coonabarabran Office

27a Little Timor Street
Coonabarabran, NSW 2357
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