A1: Insolvency is the situation where a company cannot pay its debts.
In Australia, insolvency is regulated by ASIC.  More details 

A2: Bankruptcy is the situation where a person cannot pay their debts.
In Australia, bankruptcy is regulated by AFSA. More details

Are you in need of help and advice? Chat with our Special Situation Accountants.


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About Auxilium Partners

Auxilium Partners is a WA owned and operated insolvency, forensic accounting and mining advisory firm based in West Perth.

Our partners Bob Jacobs and Andrew Smith are Registered Liquidators with ASIC and Paul Cockburn is a Certified Fraud Examiner.

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