It has been a tactic for directors to backdate their resignation to avoid liabilities to a Liquidator, the ATO and creditors in general. But the Federal Government has brought in an Act to combat this.
If you require any pre-insolvency advice, our team of accountants is ideally placed to provide professional advice on alternatives to bankruptcy or liquidation. It is always important to seek advice from qualified professionals.
Don’t put your own future in jeopardy! Understand the key personal risks of voluntary liquidation for directors – and how you can mitigate them…here!