There are different types of corporate insolvency, such as
- voluntary administration
- liquidation or a winding up
A voluntary administration is usually appointed by the board of directors. While a liquidation is the winding up of a corporation by court order.
A deed of arrangement is a agreement entered between a corporation and its creditors to dealt with the company affairs.
ASIC publishes insolvency and deregistration notice including external administration -related notices required to be published under the Corporations Act 2001 and Corporations Regulations which can be found at www.asic.gov.au.