We assess your company's financial position and explore options for its revival, including proposing a Deed of Company Arrangement (DOCA).

During the Voluntary Administration, we take control of the company's business and work to develop a comprehensive understanding of its financial situation. We engage with creditors and stakeholders, conducting investigations and formulating a plan for the company's future.

As voluntary administrators, we provide the structure and utilise the regime to propose a DOCA between the  company and creditors, outlining proposed arrangements for debt repayment, restructuring, or asset disposition. Creditors vote on the DOCA, and if approved, it binds all creditors.

The service provides distressed companies with an opportunity for financial rehabilitation, fostering a balance between the interests of the company and its creditors while preserving value and promoting a viable path forward.

We work with the Director  to understand the insolvency of the business and if the insolvency of the business can’t be resolved the Director and shareholders resolve to wind up the company's affairs.

Following the resolution to wind up the company, we are appointed to manage the winding-up process. Our responsibilities encompass a range of critical tasks, including managing all interactions with company creditors, assuming control of and facilitating the sale of all company assets, conducting thorough investigations, and actively pursuing legal claims that have the potential to recover funds.

Generally, the sequence of creditor reimbursement follows a specific order: first, creditors holding security interests in company assets, then former employees, and then all unsecured creditors. The distribution of funds to unsecured creditors is carried out proportionally, ensuring that each unsecured creditor receives an equal rate of return based on the value of their claims. Upon the conclusion of this process, the company undergoes deregistration.

We work with secured lenders to formulate realisation strategies to maximise recoveries. Our team possesses the expertise to offer a range of valuable services. This includes a meticulous review of the underlying security, a comprehensive evaluation of loans to ascertain the feasibility of generating sufficient cash flows to meet servicing obligations, the formulation of strategic options aimed at optimising returns and aligning with secured lender expectations, and the skillful implementation of enforcement strategies.

 These strategies can encompass a spectrum of actions, from assuming roles as Receivers and Managers for distressed companies to acting as Agents for Mortgagees in Possession over direct property exposures. With our team's proficiency in these areas, we are well-equipped to assist you in navigating complex financial scenarios and achieving your objectives.

Small Business Restructuring allows Directors to retain control of the business while a plan is developed to restructure the company’s debts.  

Throughout the Small Business Restructuring procedure, our role involves shepherding directors through each step. This encompasses evaluating the company's eligibility for proceeding with Small Business Restructuring, and offering advice on the appropriateness of this avenue for addressing the company's insolvency. Additionally, we offer counsel on the director's strategy for managing the company's debts, drawing from our wealth of experience with Small Business Restructuring.

If your company is insolvent and unable to meet financial obligations, or you are a creditor or stakeholder seeking court intervention, we are appointed to oversee the liquidation process, distributing the proceeds from asset sales among creditors according to priority. 

Court liquidation is a last resort to wind up a struggling business, providing a structured and fair approach to handle the company's affairs and settle its outstanding debts.