A Voluntary Administration

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

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

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Options for Businesses

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• 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

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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.

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

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What to do Next

Give us a call on (03) 9896 9000

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