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Business Management · ACRA

Winding Up a Local Company

Liquidation is a formal process for dealing with obligations and closure.

Source checked · 11 October 2026

Key points

ACRA outlines members’ voluntary, creditors’ voluntary, court-ordered and simplified winding-up routes. The appropriate path depends on solvency and the applicable eligibility conditions. A liquidator or provisional liquidator handles the process and necessary notices. Bizfile separates liquidator-management filings from other lodgements such as statements of affairs. Financial distress may also warrant considering restructuring before liquidation.

Official source

A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.

Read the official source ↗
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