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Court-ordered Liquidation
Court-ordered liquidation is where a court orders that an insolvent company be wound up and appoints a liquidator. It usually follows a creditor's winding-up application, often after an unpaid statutory demand. Once appointed, the liquidator takes control of the company, investigates its affairs, realises whatever assets are available and reports to creditors and ASIC. It is one of the more serious points a company can reach.
WHO IS THIS FOR?
Creditors weighing up recovery action, directors facing a winding-up application, lawyers running court processes, and advisers supporting a company that has reached this point.
IN DETAIL
Court-ordered Liquidation is a formal process where a court orders the winding up of a company, usually after a creditor’s application due to unpaid debts.
HOW TTJ CAN HELP
Where appropriate, TTJ acts as liquidator, takes control of the company, carries out the investigations the role requires, including into the conduct of directors, realises available assets and reports to creditors and ASIC. We explain what is happening to the people affected and run the process properly rather than mechanically.
WHEN TO SEEK HELP
Get advice if a statutory demand, winding-up application or other court notice has been served, if recovery action is underway, or if you are a creditor considering whether to apply to wind a company up. Early advice generally leaves more room to manage the situation.
OUR PROCESS
A court liquidation moves through a fairly set sequence once an order is made, though the work involved depends on the company. The steps below outline how TTJ approaches an appointment of this kind.
Important Considerations
Court processes, timing, creditor rights, liquidator powers and directors' obligations all turn on the specifics of the matter. None of these should be presented as fixed or universal without review.
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AUSTRALIA
Thyge Trafford-Jones
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Principal — ASIC Registered Liquidator (No. 458321) · AFSA Registered Trustee (No. 1582)
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Member, Australian Restructuring Insolvency & Turnaround Association (ARITA)
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Member, CPA Australia
TTJ Advisory is a registered business name of Restructure My Small Business Pty Ltd (ACN 670 511 476).
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© 2026 TTJ Advisory.
TTJ Advisory acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.
