We have one client whose company was ordered to be wound up yesterday, but the company assets seem to exceed it liabilities, so we may yet be able to get the company back from the liquidator.
We were engaged too late to be able to stop it, unfortunately and too late to proceed with several court actions to recover unpaid fees and damages from various parties.
However, Nathan and Jamie are helping with some tax matters to prove that the debt owed to the ATO is much less than it is claiming, and we are likely to get approval from the liquidator for an auction to proceed, despite a liquidator being appointed.
We may then be able to continue with the actions and recover more, or we might decide that the client will only throw good money after bad.
A lot depends on the outcome of the auction.
If you, or anyone you know, needs help with horrible messes, Michael Paterson & Associates might be able to help.