Deeds of Company Arrangement
A CRUCIAL RESTRUCTURING TOOL FOR COMPANIES IN DISTRESS
A Deed of Company Arrangement (DOCA) is a binding agreement between the company and its creditors (financiers, suppliers, landlords, ATO, employees). It will outline a robust restructuring plan that seeks to maximise the chances of a business maintaining operations, while satisfying creditors.
A successful Voluntary Administration typically results in the proposal and acceptance of a Deed of Company Arrangement (DOCA) — formulated by the administrator.
BENEFITS OF HOLDING A DEEDS OF COMPANY ARRANGEMENT
- Time - Provides additional time for the Director(s) and Administrator to formulate a proposal to recapitalise the business.
- Moratorium on claims - Provides an extended moratorium period on creditors’ claims, ensuring any enforcement action won’t take place throughout the DOCA period.
- Flexibility- The Administrator can continue business and operations during the period, providing stakeholders with clarity and security — maximising the likelihood of recapitalising the business and providing a greater return to creditors.
DOCA
We work with directors to assess the financial position of the company and provide independent advice to maximise turnaround prospects.
WHAT IS VOLUNTARY ADMINISTRATION?
A Deed of Company Arrangement is often connected to the process of Voluntary Administration — where a business may choose to appoint an administrator to reorganise, restructure and rehabilitate a distressed business.
Insolvency
AUSTRALIAN PRESTRESSING SERVICES PTY LIMITED
VOLUNTARY ADMINISTRATORS OF A POST TENSION CONCRETING BUSINESS WITH 100 EMPLOYEES OPERATING ACROSS 70 BUILDING PROJECTS IN NSW AND VIC.
Insolvency
BIOGREEN ENERGY
BIOGREEN OWNED THE REDBANK POWER STATION. OUR KEY ROLES WERE TO INVESTIGATE THE SOURCE AND APPLICATION OF FUNDS, THE SALE PROCESS, AND ASSIST THE PURCHASER.
Insolvency
GLADSTONE UNITED PTY LIMITED & CELTIC PACIFIC PROPERTIES PTY LIMITED
WE WERE APPOINTED ADMINISTRATORS OF GLADSTONE AND CELTIC WHICH JOINTLY OWNED THE GLADSTONE CENTRAL SHOPPING CENTRE, QLD.
Insolvency
OBJECT CONSULTING
WE WERE THE ADMINISTRATORS, AND SUBSEQUENT LIQUIDATORS OF THE COMPANIES. THE COMPANIES EMPLOYED OVER 90 STAFF, PROVIDING IT DEVELOPMENT AND SUPPORT SERVICES TO BLUE-CHIP CLIENTS ACROSS AUSTRALIA.
