Explore the latest insights, news and advice,
Andrew Jo, a director from Greengate Advisory
and David Chang, a lawyer from David Chang Legal
Listen to audio blog.
“Can I go to jail for debt in Australia?”
If a business is struggling with debt, it may feel like bankruptcy or closing the business is the only option.
Bankruptcy only applies to individual and when it comes to ending the business, it is called Liquidation. When a company can’t pay its debts then it goes into liquidation.
It stops operating and the company assets are sold in an attempt to pay off the debts.
If you’re in a distressed situation,
it’s essential to act quickly.
Contact us for a free confidential consultation with one of our experts.
You can discuss your position and all possible options
in your language – Chinese, Korean, English and other Asian languages.
Get in touch today with experts that understand your needs.
Let us help you navigate through times of uncertainty.
