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For shareholders



What is insolvency?
How does insolvency affect me?
More information
Information sheets


What is insolvency?


An insolvent company is one that is unable to pay its debts when they fall due for payment.

The three most common external administrations are:

How does insolvency affect me?


Shareholders rank behind creditors in a liquidation, although in some circumstances they can claim as a creditor. As a shareholder, limited information is received from the external administrators of insolvent companies.

If a company is placed into administration or liquidation, shareholders cannot transfer shares in the company without permission from the external administrator or the Court.

As a shareholder of an insolvent company, you can realise a capital loss in certain circumstances: You may wish to seek tax advice about your ability to realise a capital loss if you hold shares in a company which has been placed in voluntary administration or liquidation.


More information


Voluntary administration
Liquidation
Receivership
ASX website
Australian Shareholders' Association
ATO website


Information sheets



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