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What are the steps if you can’t save a business?

cheryl on step to saving a business

In this video, Cheryl explains essential exit strategies, explaining what are the steps when you can’t save a business, focusing on controlled bankruptcy to minimise family stress.

She emphasises planning house moves during school holidays, securing rentals, pre-filing, and avoiding disruptions like job loss or housing black marks.

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Any or all of these reasons for business owners with a Pty Ltd company who:

  • have closed or are likely to close their business without any money left 
  • cannot afford $15,000 but want to place their company into liquidation  
  • want to do the right thing and inform their creditors properly about the business closing down 
  • want to draw a line in the sand so they can get on with their future.

If you have personal assets you want to protect, like a family home or director’s guarantees, this may not be for you, but you should ask us.

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