A liquidator has been appointed to wind up our company but I feel like they are completely taking over. What are they actually allowed to do?
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Answer by Kelly Angus, Adelaide 5000 SA
- Under the legislation (written law) liquidators have extensive powers which include the powers of company directors plus powers to:
- investigate the company’s affairs;
- examine directors and others under oath;
- sell company assets;
- carry out and sell any business of the company; and
- admit creditor claims and pay dividends.