Question: When statutory demand was sent from a creditor and the Pty Ltd couldn't pay, the creditor then appointed a liquidator, Is it a legal liquidator

When statutory demand was sent from a creditor and the Pty Ltd couldn't pay, the creditor then appointed a liquidator,

Is it a legal liquidator by law?

what will happen next to the Pty Ltd company?

and Does it mean they're bankrupt?

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