Restructuring Companies by a Voluntary Administration

A Voluntary Administration

This page describes a formal insolvency administration. However if you wish to consider an informal administration click here.

A Voluntary Administration ("VA") can provide one or more of the following options to negotiate your preferred outcome:

Options for Businesses

  • Keeping a business trading under existing ownership

  • Selling the Business

  • Reaching a formal compromise of amounts owing with all Creditors

  • Returning the Company quickly to your control totally free of Creditors Claims

  • Ability to Raise Fresh Finance or Equity

Benefits of a Moratorium

A VA "freezes most creditor claims for a short period whilst a proposal for a binding settlement is formulated and later approved or rejected by creditors. This settlement is known as a Deed of Company Arrangement.

If a compromise can't be agreed then the company will usually then enter liquidation.

What to do Next

Give us a call on (03) 9896 9000

 

Contact Us

Bruce Mulvaney & Co​

 

Tel: (03) 9896 9000
Mob: 0418 848 212

Email Bruce Mulvaney

Level 4, 858 Glenferrie Rd,

Hawthorn, Vic, 3122

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We are a full member of ARITA (Australian Restructuring Insolvency and Turnaround Association) and utilise the ARITA precedents and technical resources. Additionally, our systems are based on the leading CORE Turnkey Insolvency Software.

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