Deed of Company Arrangement Execution

Our consultants have a solid track record in implementing successful Deed of Company Arrangements, after the Voluntary Administration process.

A Deed of Company Arrangement (DOCA) is a binding arrangement between a company and its creditors setting out how the company’s affairs will be dealt with to resolve the company’s debt problems without the need  for liquidating the company.

A DOCA is formulated and proposed by the Director(s) and/or a third party during the Voluntary Administration of company and is set out to creditors in the Administrator’s major report. Creditors are then asked to accept the terms of the DOCA by passing a resolution that the company execute a DOCA at the major meeting of creditors.

A DOCA can be very flexible depending on a company’s circumstances and requirements. Once a DOCA is accepted, all unsecured creditors are bound by the DOCA. Full control of the company normally reverts back to the Directors. A DOCA can be a ‘fresh start’ for a business once the DOCA is executed.

Contact us to discuss whether a Voluntary Administration / DOCA is your best option in helping your business.