REVEALED: Liquidations listed in the Scenic Rim council area for December 8

ASIC and ABN Lookup data reveals the full list of companies to close down in your area.

There has been one company liquidation notice in the Scenic Rim Local Government Area today, bringing the total for December to two.

Today's liquidations:

YC Cuisine Pacific Fair Pty Ltd

News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state.

Here's the list of all liquidations for December in Scenic Rim, by postcode:

4211:

Sportcor IP Pty Ltd

YC Cuisine Pacific Fair Pty Ltd

Liquidators are appointed to wind up the affairs of a company when it closes down.

They can be appointed in a voluntary winding up of a business; whether initiated by members or creditors; or as part of a court-ordered winding up.

Their role is to sell off the business's assets and use the resulting funds to pay off debts, if there are any.

ASIC publishes liquidation notices, as well as other insolvency and external administration-related notices throughout the day every weekday.

The previous liquidation article for the Scenic Rim council area can be viewed here.

Corporate watchdog ASIC also takes action against the individuals behind failed companies. Here is a look at some of the exposed blacklist: 1000 banned or disqualified Aussie directors, advisers named