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My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise Please understand this is not legal advice but a guide to assist you.
You wish to buy the company?
Is the company for sale?
You need to approach the Administrator of the company and start negotiations with them.
Do not do this on your own. You will need a solicitor to assist to protect you form the debts of the company. If you simply take it over you will be liable for the dents as they currently are.
If they agree to a price then a Contract will have to be entered into where certain things are done by each party.
Do you know who the administrator is and what you wish to keep in the company?
what do you mean by that?
You should seek copies of the accounts of the company from the Administrator and have your accountant look at it and advise you on what they think it is worth.
If the Company enters into one with the creditors you need to see it.
But you do not need one with them
You will have a contract for the sale of shares to you from the administrator.
You will have to make sure that when you buy all dents are paid out and you are not liable.
You will have a contract with the administrator not the creditors.
You have to negotiate a price where the debts are paid and you buy the company debt free and you have protection.
I hope this is of assistance.
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