Law Corporate industries ( Budget $20) - repost

Hey, guys am a professional at this subject my self that is Company law of Australia, its an easy question just have to write a professional letter meeting the requirement. Question is about 3 business men fails to run a business well and now by writing a letter we have to advice them is it better for them to liquidate or can try and run the business. Am expecting a high level law language skills. Letter must includes: Adv and Disadv of Receivership, Administration and credentials. Note: A person with a good knowledge of Australian industrial Law or company law.