Voluntary Administration

 

 

Voluntary Administration is designed to resolve a company’s future direction quickly, maximising the chances of a company continuing by giving it the opportunity to propose a formal offer to creditors.

 

For more information on this formal insolvency appointment, please see ASIC's “Voluntary Administration: a guide for creditors” information sheet, or contact one of our experts on (02) 4225 2545.

 

 

Deed of Company Arrangement

 

 

A Deed of Company Arrangement (DOCA) is a binding arrangement between a company and creditors governing how the company’s affairs will be dealt with. It aims to maximise the chances of continuation or, a better return for creditors than liquidation.

 

For more information on this formal insolvency appointment, please see ASIC’s “Voluntary Administration: a guide for creditors” information sheet, or contact one of our experts on (02) 4225 2545. 

 

 

Receivership

 

 

A company goes into receivership when an independent and suitably qualified person (the Receiver) is appointed by a secured creditor, or in special circumstances by the court, to take control of some or all of the company’s assets.

 

For more information on this formal insolvency appointment, please see ASIC’s “Receivership: a guide for creditors” information sheet, or contact one of our experts on (02) 4225 2545.

 

 

Creditor’s Voluntary Liquidation

 

 

Liquidation is the orderly winding up of a company’s affairs. It involves realising the company’s assets, cessation or sale of its operations, distributing realisation proceeds among creditors and distributing any surplus among shareholders.

 

For more information on this formal insolvency appointment, please see ASIC’s “Liquidation: a guide for creditors” information sheet, or contact one of our experts on (02) 4225 2545.

 

 

Member’s Voluntary Liquidation

 

 

Member’s Voluntary Liquidation is a procedure that involves the orderly winding-up of a solvent company. A liquidator is appointed to manage the process of realising the company’s assets, ceasing or sale of operations, payment of debts (if any) and distribution of surplus assets (if any) among shareholders. 

 

For more information on this formal insolvency appointment, please see ASIC’s “Insolvency: a guide for shareholders” information sheet, or contact one of our experts on (02) 4225 2545.