Book A Free Consultation Session
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.
The Benefits of Entering into a Deed of Company Arrangement:
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.
We are experienced, fully qualified and registered Insolvency Practitioners.
Our step by step approach reduces your stress to a minimum, making the process as smooth as possible.
We can tailor a simple, practical solution to sort out the mess to best achieve your desired result.
A Director may be personally liable for outstanding Employees’ PAYG and Superannuation when the ATO issues a Director Penalty Notice.
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.
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.
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.
I had engaged CrossRoads to liquidate my kitchenware shop in Westfield and the staff was always available to answer my questions. They went above and beyond to make the whole process easier for me. Great assistance for a reasonable price.
Sharon 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.
My restaurant was losing over $30,000 per month. I was stressing out with all the unpaid bills and my suppliers were chasing me for payment. The team at CrossRoads advised me of my options and helped me to place the company into Liquidation on the same day. I am so thankful for their services and I can finally breathe again.
Ellen W.
