Voluntary Administrations to Deeds of Company Arrangement
Learn more about Artemis Insolvency
Voluntary Administrations
A turnaround of a company can be effectuated using the voluntary administration provisions in the Corporations Act 2001 should an informal workout not be possible.
A voluntary administration can be initiated by the directors, a secured creditor with a security interest over substantially the whole assets or a Liquidator.
To achieve a turnaround, a Deed of Company Arrangement would be proposed for consideration by creditors.
Why Choose Us For Your Voluntary Administrations Needs?
Going into administration
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Deeds Of Company Arrangement
A deed of company arrangement (DOCA) is a binding arrangement between a company and its unsecured creditors governing how the company’s affairs will be dealt with. This is one of the alternatives that creditors can decide upon at a meeting after a company entered into a voluntary administration.
WHY CHOOSE US FOR YOUR DEEDS OF COMPANY ARRANGEMENT NEEDS?
A voluntary administration occurs after the company’s directors pass a resolution that the company is insolvent, or is likely to become insolvent at some future time, and an Administrator should be appointed.
The right time to get in touch with Artemis Insolvency is when you believe there is a risk your company will become insolvent!
