ATO Debt & Insolvency

We provide finance solutions to companies across all industries for large Corporate entities to small family owned businesses.

Solutions Outside the Box

At Capital One Finance Solutions, we pride ourselves on finding solutions and arranging finance for situations where finance can be difficult to obtain.

More often than not, the Banks won't provide you with finance for ATO Debts. We have a number of lenders on our panel that will help us in restructuring your finance to get you through the your financial distress.

Our Initial Consultation is Free

It's important to ensure that you're getting the right information, so that you can make an informed decision to get things back on track sooner.

We're always of the view that a second option should cost you nothing, as we want to ensure that you are truly getting the best possible result.

We have a panel of lenders, which gives us the capability to truly tailor a solutions that meets your requirements. Some examples are as follows:

  • ATO Debt
  • Trade Creditors
  • License Agreements
  • Court Actions / Adjournments
  • Credit Card Liabilities

What's next?

If you want to know more about possible solutions and gain better control over your finances, contact us or fill in our Free Assessment Form.

Get a Free Assessment

Frequently Asked Questions

What is Liquidation?
Liquidation is the winding up process which prepares a company for de-registration.

The process involves the collection and realisation of the company’s assets; the proceeds from this are then used to pay off the company’s debts, liabilities and anything that remains. After the costs of the process have been paid, the rest is distributed amongst the members in accordance with their rights and interests, or in accordance with the company’s constitution
What is the purpose of liquidation?
The purpose of a voluntary liquidation is to legally wind up the affairs of an insolvent company.

The purpose of investigating a company’s financial affairs are to identify:

1. If the company entered into any unreasonable director related transactions

2. If the company entered into any uncommercial transactions

3. If the company made any unfair preferential payments to creditors in the last six months leading up to the liquidation
Who are the liquidators?
They are the specialist accountants who are authorised to be liquidators.
Who appoints a Liquidator?
The parties that can appoint a liquidator will depend on the type of liquidation being carried out.

Compulsory Court Wind-Up

A compulsory wind up is ordered by a Court, usually initiated by a creditor who is owed more than the statutory minimum debt.

It can also be initiated by the Australian Securities and Investments Commission (ASIC).

Creditors’ Voluntary Liquidation

A voluntary liquidation is initiated by the company itself. In such cases, the directors and shareholders can nominate and appoint a liquidator of their choosing.
What is the process of Liquidation?
Once you decide to liquidate your company, you have two choices for the wind up process:

1.A Creditors’ Voluntary Liquidation, where you voluntarily place the company into liquidation; or

2. A Court Appointed Liquidation, where you can wait for a creditor to wind it up through the courts.
How long does a Liquidation take to complete?
The length of time required for a liquidation will depend on a number of factors. If no litigation is necessary, the average-sized company liquidation should be finalised within 12 to 18 months.