Creditors Voluntary Liquidation Experience​

Office Furniture Trade Centre Pty Ltd – Creditors Voluntary Liquidation

Appointed as voluntary liquidators of Office Furniture Trade Centre Pty Ltd, a furniture retailer with operations in the Gold Coast region. We successfully realised all the company’s stock, plant and equipment together with a luxury residential investment property which was owned by the company resulting in a significant return to the secured creditor, a major bank which had elected not to appoint a receiver and manager and left us in control of the company. Employees were able to access the Fair Entitlements Guarantee Scheme resulting in their entitlements being paid in full.

Rockwell Olivier (Sydney) Pty Ltd – Creditors Voluntary Liquidation

Appointed as voluntary liquidators to Rockwell Olivier (Sydney) a Sydney based law firm. We worked with the Law Society of NSW to ensure the client files and the trust accounts were properly managed. In addition, we negotiated the sales of the legal practice to the former partners of the firm, including the transfer of most of the staff to the new legal practices established by the former partners.

 

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