Is liquidation the best option for businesses in trouble?
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.
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Cec is a content creator, director, producer and journalist with over 25 years of experience. She is the editor of Business Builders and Flying Solo, the executive producer of Kochie's Business Builders TV show on the 7 network, and the host of the Flying Solo and First Act podcasts.
She was the founding editor of Sydney street press The Brag and has worked as the editor on titles as diverse as SX, CULT, Better Pictures, Total Rock, MTV, fasterlouder, mynikonlife and Fantastic Living.
She has extensive experience working as a news journalist, covering all the issues that matter in the small business, political, health and LGBTIQ arenas. She has been a presenter for FBI radio and OutTV.
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