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Insolvency & Liquidation FAQs

How is a Liquidator appointed?

There are two ways:
  1. A company’s shareholders must resolve to appoint a liquidator (who the directors’ can nominate), often by signing a one-page resolution to make the appointment. This type of appointment can generally be made quickly and easily.

 

  1. Alternatively, a creditor who is owed more than $2,000 can apply to court to have a liquidator appointed to a company, as can certain other interested parties, such as the ASIC.  If a creditor or another party applies to court to appoint a liquidator, they will chose who the liquidator is.