Corporate Insolvency

Worrells has a long history in corporate insolvency, with partners taking appointments as liquidators to companies for more than 35 years. We have collectively taken over 9000 such appointments in that time. This is where a great part of our insolvency experience was obtained.

All of our partners are registered as liquidators and most of these are official liquidators. That is, they are capable of taking appointments by the Courts or by the debtor companies themselves.

Corporate insolvency is one of the two foundation areas of the firm. All staff members obtain a grounding in insolvency by working on corporate appointments and most will continue in this area throughout their working life at the firm. The investigation skills learned in this area are transferable to personal insolvency files (the other foundation area) and to financial investigation.

We accept appointments to all sizes of companies, from national corporate groups to 'Mum & Dad' companies. We have also taken appointments in all states and territories and can be on site anywhere in the country on short notice. We are not limited to any particular geographical areas.

Our experience is put to good use in financial investigations undertaken in liquidations. This experience assists in the investigation of insolvent trading claims, the recovery of assets and breeches of director's duties. This role starts with the commencement of the investigation through to the preparation of briefs to counsel and appearances in Court as necessary.

We have a policy of undertaking these investigations when it is expected that recoveries will commercially benefit the creditors of the company, or where creditors agree that the public interest is so strong that investigation is warranted.

Related Information

Fact Sheet: Liquidation
Fact Sheet: Provisional Liquidation
Fact Sheet: Ending a Liquidation

Last updated: 10.1.2008