Insolvency and liquidation

Research Guide to insolvency and liquidation records at Queensland State Archives.

Queensland State Archives holds insolvency and liquidation records. Insolvency is a financial condition experienced by an individual or business entity when their liabilities exceed their assets and debt obligations are unable to be met. Liquidation refers to the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed. Liquidation can also be referred to as winding-up or dissolution. Legally declared insolvency is called bankruptcy. When a person, business or partnership with unlimited liability is unable to pay debts as they become due, the debtor or the creditors may petition the Supreme Court to make arrangements for the settlement of debts. For more information about insolvencies and liquidations, refer to the Australian Securities & Investments Commission webpage about regulatory resources.