Finance

Is liquidation the best option for businesses in trouble?

Cec Busby

Mar 12, 2020

Prefer Business Builders

When a business is in financial distress sometimes the best option may be to close the business. If your business is no longer viable liquidation will allow you to sell off assets to pay your creditors and wind up the company to minimise losses.

Mackay Goodwin CEO Domenic Calabretta explains the liquidation process and the options open to businesses that are struggling so they can mover forward. Calabretta stresses, early action is key.

Watch the video

About the author

Cec Busby

Editor

Cec has been telling stories and chasing headlines for more than 25 years. These days, she’s editor of Private Media’s Business Builders and Flying Solo, and the voice behind the Flying Solo and First Act podcasts. She kicked off her editing career as the founding editor of Sydney street press The Brag and has since worn the editor’s hat across a stack of titles – from SX and CULT to Better Pictures, Total Rock, MTV, fasterlouder, mynikonlife and Fantastic Living. Cec’s reporting runs the gamut. She’s covered small business, politics, health and LGBTQIA+ issues with equal passion. And when she’s not in print or online, you might have caught her behind the mic at FBi Radio or in front of the camera on OutTV.