There are two types of registered insolvency professionals in Australia: Registered Liquidators and Bankruptcy Trustees.
A Registered Liquidator is an insolvency practitioner who is registered under the Corporations Act 2001 and listed with the Australian Securities and Investments Commission (ASIC). A liquidator must be registered to be appointed to any type of insolvent external administration.
A Bankruptcy Trustee is a licensed insolvency practitioner who manages the administration of a bankruptcy and administers Personal Insolvency Agreements. Bankruptcy Trustees are regulated by the Australian Financial Security Authority (AFSA).
No, Insolvency Australia is a free service for anyone wanting to find, compare and connect with Australia‘s Registered Liquidators and Bankruptcy Trustees.
If the information provided on the insolvency practitioners profile does not answer your question(s), you can contact them during their business hours.
No, there is no limit.
Each Registered Liquidator and Bankruptcy Trustee has their own fee structure and terms and conditions associated with their appointment.
An initial connection with a specialist, either by phone, email or live online communication platforms such as Zoom, should be obligation free. It is your responsibility to discuss fees and details about securing the services with each Registered Liquidator or Bankruptcy Trustee you contact.