Wind-Up Notice
When a Wind-Up Letter is issued, there’s no time to waste.
NWC Finance can take care of you or your client’s wind-up notice in as little as 24 hours.
When a wind-up notice is issued, there’s no time to waste.
A wind-up notice is issued when one party fails to complete a transaction, through repayment of debt, by the contractual date. The party that failed to complete the transaction then has 21 days in which to complete the contractual obligation, after which the defaulting party may sue for breach of contract. Possible negative outcomes are:
- Forfeiture of assets
- Appointment of receivers
- Court/ legal proceedings for the recovery of funds
NWC Finance can take care of you or your client’s wind up notice in as little as 24 hours.
RECENT SCENARIO
$1M Wind-Up Notice
Product Guide
1st Mortgages
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
2nd Mortgages
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
Cash Advance
- > Loans from $50k to $50m
- > Up to 60% LVR on wholesale value
- > Interest from 1% per Month
Plant & Equipment
- > Loans from $50k to $50m
- > Up to 70% LVR Maximum
- > Interest from 1% per Month
Minimum Term of 30 days – Maximum Term of 6 Months with roll-over – Interest can be capitalised within LVR guidelines – All Australian locations considered for 1st and 2nd mortgages and Plant and Equipment security
Let’s talk
To learn more about our immediate finance and short term funding solutions, please contact us on 02 9223 7181 or email us at [email protected].