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Deed of Company Arrangement - Cross Roads Insolvency
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Want to save your company and clean up the Company’s debts, Deed of Company Arrangement could be your solution to achieve it

Want to save your company and clean up the Company’s debts, Deed of Company Arrangement could be your solution to achieve it

Deed Of Company Arrangement (DOCA)

After a short Voluntary Administration (“VA”) period, one of the possible outcomes is for the Company to enter into a Deed of Company Arrangement (“DOCA”) with its creditors, should the Creditors accept the DOCA proposal at the VA major creditors meeting.

 

A DOCA is a legally binding agreement between the creditors and the Company, which provides a solution to release the Company from its pre-Voluntary Administration debts. The DOCA binds all of the Company’s Creditors.

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 The Benefits of Entering into a Deed of Company Arrangement:

  • The Company may obtain a clean slate and continue to trade
  • The Creditors usually receive a better return than Liquidation
  • A DOCA can reconstruct the Company’s business and ownership structure
  • There is less stigma or adverse effect for the Company and Director,
  • For a consolidated group situation, saving the Company may be a means of saving the tax losses already incurred over the years.

If the creditors vote that a Company enters into a DOCA, the Deed must then be executed within fifteen (15) business days, otherwise the Company will face automatic Liquidation.

WHY CHOOSE US

Qualified & Experienced

We are experienced, fully qualified accountant.

Close Guidance

Our step by step approach reduces your stress to a minimum, making the process as smooth as possible.

Tailored for you

We can tailor a simple, practical solution to sort out the mess to best achieve your desired result.

Are You Issued With One Of These Notices

Have You Been Issued With One Of These Notices

Are You Issued With One Of These Notices
Director Penalty Notice (DPN)

A Director may be personally liable for outstanding Employees’ PAYG and Superannuation when the ATO issues a Director Penalty Notice.

Statutory Demand

A Creditor can apply to the Court to obtain Order to Wind up the Company if a Statutory Demand has not been responded to within 21 days.

Winding up Notice

Action is required at once if your Company is issued with this Notice, otherwise, this may lead to serious consequences for both the Company and Director.

There Is No Time To Waste

Contact Us Immediately To Find Out what Your Options are

WHAT OUR CLIENTS SAY

  • I am involved in the building industry as a subcontractor and when the builder failed to pay me it destroyed my cashflow and my business. Crossroads provided me with the alternatives and the likely consequences of each action and I was able to move forward with my business.

    Warren Z.

  • When my company’s property development project failed to obtain a DA approval, with $3 million owning, CrossRoads pointed out that Liquidation was the most practical way to go. Dealing with them is easy and efficient and I recommend them highly.

    James C.

  • Our engineering company was placed into liquidation by mistake. Marc and the team spent time listening to us to better understand our situation, they assisted us in negotiating with the Liquidator and terminating the liquidation. We finally got our company back and started operating again. I would definitely recommend their services.

    Michael T.

  • The team was always available to answer my questions. they definitely go above and beyond. Trustworthy team and service

    John B.

  • Quick and professional service provided by Leanne and her team. Much appreciated during a sressful period for us.

    Louise V.

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