Useful Information Sheets
ASIC (The Australian Securities and Investment Commission) has produced a series of useful information sheets which explain, in plain language, the basics of the three most common company insolvency procedures – liquidation, voluntary administration and receivership as well as information around the independence of external administrators and a glossary of commonly used terms.
(INFO 41)
Insolvency: a glossary of terms (PDF)
(INFO 74)
Voluntary administration: a guide for creditors (PDF)
(INFO 75)
Voluntary administration: a guide for employees (PDF)
(INFO 45)
Liquidation: a guide for creditors (PDF)
(INFO 46)
Liquidation: a guide for employees (PDF)
(INFO 54)
Receivership: a guide for creditors (PDF)
(INFO 55)
Receivership: a guide for employees (PDF)
(INFO 43)
Insolvency: a guide for shareholders (PDF)
(INFO 42)
Insolvency: a guide for directors (PDF)
(INFO 84)
Independence of external administrators: a guide for creditors (PDF)
(INFO 85)