10-08-2010
August 2010 Newsletter
29-07-2010
Kypo Pty Limited t/as Oxley Commercial Catering Equipment
28-06-2010
The Supercar Club Pty Limited
28-06-2010
TSCCF Pty Limited
25-06-2010
June 2010 Newsletter
01-06-2010
May 2010 Newsletter
14-05-2010
December 2009 Newsletter
14-05-2010
March 2010 Newsletter
07-05-2010
B&H Medcalf Pty Limited
24-03-2010
24 James Street, Morpeth - Morpeth Guesthouse
10-03-2010
J. Wishart Plumbing Pty Limited
11-01-2010
Allbarry Recruitment & Training Pty Limited (In Liquidation)
10-12-2009
L & G Print Group
13-11-2009
All American RV's & Trucks Pty Limited (In Liquidation)
13-11-2009
Zelbarry International Pty Limited (In Liquidation)
13-11-2009
Hulpro Design & Engineering Pty Limited (In Liquidation)
13-11-2009
Rads Hydraulic Mechanical Services Pty Limited (In Liquidation)
13-11-2009
Euro Bar & Grill Hamilton Pty Limited (In Liquidation)
11-11-2009
Capital Homes
05-10-2009
Bankruptcy Supervisor
02-10-2009
Deed of Company Arrangement
01-10-2009
Outback Developments Pty Limited (In Liquidation)
01-10-2009
P.I.C. Co Pty Ltd (In Liquidation)
01-10-2009
Polly K Pty Ltd (Receiver & Manager Appointed)
01-10-2009
Tivolap Pty Limited (Receivers & Managers Appointed)
30-09-2009
Personal Insolvency Arrangements
30-09-2009
Agent for the Mortgagee
30-09-2009
Court Appointed Trustee
30-09-2009
Hospitality Services
30-09-2009
Baker with no dough
30-09-2009
Club Crisis
30-09-2009
Damages and the Debtor
30-09-2009
Steel Construction Struggling
30-09-2009
Janjet Pty Ltd (In Liquidation)
29-09-2009
Voluntary Administration
29-09-2009
Members Voluntary Liquidation
29-09-2009
Creditors Voluntary Liquidation
29-09-2009
Official Liquidation
29-09-2009
Receivership
29-09-2009
Provisional Liquidation
29-09-2009
Consulting
29-09-2009
Bankruptcy
Deed of Company Arrangement
The Deed of Company Arrangement process, or DOCA as it is referred to in the profession, is a means to salvage and restructure an insolvent or near insolvent company and provide creditors with a better outcome than they would experience if the company was to directly enter liquidation.
The DOCA must follow a voluntary administration or VA. A DOCA is proposed by the Directors during the VA. The Administrator investigates the DOCA during the VA and makes a recommendation about whether company creditors should accept or reject the proposal. As a rule of thumb the DOCA needs to offer creditors a better outcome than if the company was liquidated.
There are a number of commercial considerations that need to be taken into account when drafting a DOCA. It is not just a simple case of a company seeking to compromise debts with creditors. Often the company will need to make significant changes in the way it does business for a DOCA to have a chance of success. In addition, the company and its directors will need to have some goodwill left with a majority of its creditors, as it is the creditors that will ultimately decide the company's future.
At Shaw Gidley we have had extensive experience administering successful DOCAs.
Click here to view our contact details, or submit your enquiry below.